Pawn Loan
Pawn Loan
Secure quick cash by using your valuable assets as collateral. No credit checks, fast approval, and flexible repayment terms.
Key Features
- No Credit Check: Approval based on collateral value
- Instant Cash: Get money within hours
- Loan Amount: RWF 50,000 - 10,000,000
- Interest Rate: 54% APR (Flat Rate)
Who Can Apply?
- Rwandan citizens (National ID/Passport)
- Valid proof of ownership for collateral
- Collateral value must match or exceed loan amount
- No credit history or income proof required
Cost Breakdown
| Application Fee | 2% of loan amount |
| Service Charge | 2% monthly |
| Late Payment | 3% penalty + 1% daily interest |
Example: RWF 500,000 loan = RWF 10,000 application fee + RWF 10,000 monthly service charge
Accepted Collateral
- Gold, jewelry, and watches
- Electronics (laptops, TVs, smartphones)
- Vehicles (cars, motorcycles, bicycles)
- Household appliances (fridges, furniture)
Note: Pawned items must be in good condition and verifiable for ownership.
Repayment & Redemption
- Flexible repayment options within 1-6 months
- Early repayment allowed with no extra charges
- Failure to repay on time results in item liquidation
- Loan extension available with additional charges
Note: Clients can reclaim their items after full repayment.
