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Personal Loans
Unsecured Personal Loan
Our unsecured personal loans offer the flexibility to address these needs promptly without pledging any assets.
From consolidating debt to covering medical expenses or funding significant purchases, our loans help you navigate life’s financial demands with ease.
Benefits:
- No Collateral Required: Obtain the funds you need without risking your assets, making the loan process simpler and faster.
- Quick and Easy Access: Enjoy a streamlined application and approval process, ensuring you get the money you need when you need it.
- Flexible Repayment Terms: Choose from various repayment options tailored to your financial situation, allowing you to manage your monthly budget effectively.
- Versatile Use: Utilize the loan for a wide range of purposes, from education and home improvements to travel and medical emergencies.
Application Requirements
- Signed Application Form (Available at our branches)
- Key Facts Statement Form (Available at our branches)
- Employment contract (open-ended or with a remaining term covering the loan tenor)
- Recent stamped pay slips for 3 consecutive months
- Recent Employment & Salary certificate
- Stamped bank statement for at least the last 6 months (If not banking with us)
- Copy of National ID for Rwandese, Passport with valid work permit for foreigners
- Marital status: Marriage Certificate or Certificate of being single
- Copy of Guarantor’s National ID for Rwandese, or Passport for foreigners (if applicable)
- Joint Surety (Personal Guarantee) from spouse if the borrower is married
- Signed & Notarized Promissory Note
- Employer Undertaking, signed and stamped
- CRB reports for borrower & guarantor
Overdrafts
Our personal overdraft service is perfect for you if you’re looking for a flexible and instant line of credit that allows you to overdraw your account without a penalty.
Features
- To be eligible, the customer’s salary must be routed through the bank. If that’s not the case, an overdraft must be secured.
- To qualify for an overdraft, a one-year minimum period of banking with NCBA is required.
- Overdraft is available in RWF.
Interest charged is a minimum of 5,000 RWF and a maximum of 2% on the amount drawn where interest exceeds 5,000 RWF.
Unsecured Bid Bonds
For construction jobs or projects with similar processes. Ensure that your contractors comply with bid contracts and fulfil their job through NCBA Bank’s unsecured bonds. Our bid bonds will provide the beneficiary with a guarantee or compensation in the event that:
- The bidder withdraws their offer before the expiry date.
- The bidder refuses to sign the contract after it is awarded.
- The bid bond is not replaced with a performance bond after the contract has been awarded.
Features
- Compensation on amount of RWF 50Mln per Bid Bond and RWF 2 Billion per customer.
- Repayment periods of up to 360 days subject to tender provisions.
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