Licensed by Rwanda Finance Authority
Car Loan
Get behind the wheel with affordable car financing. Quick approval and competitive rates.
About This Loan
Get behind the wheel with affordable car financing. Quick approval and competitive rates.
Eligibility Requirements
Required Documents
Fees & Charges
| Fee Type | Amount | Notes |
|---|---|---|
| Interest Rate | 3.00% per month | Fixed rate |
| Processing Fee | 2.00% | One-time |
| Late Payment Fee | 5% | Per overdue installment |
| Early Settlement | FREE | No penalty |
Repayment Example
For a loan of RWF 500,000 over 6 months at 3.00% monthly interest:
Principal Amount
RWF 500,000
Total Interest
RWF 90,000
Processing Fee
RWF 10,000
Total Repayable
RWF 600,000
Monthly Installment
RWF 98,333
Frequently Asked Questions
Most applications are reviewed and approved within 24 hours. Once approved, funds are typically disbursed within 1-2 business days.
Yes! You can pay off your loan at any time without prepayment penalties. Simply log into your portal or contact our support team for your settlement amount.
If you miss a payment, a late fee may apply and your account will be marked as overdue. Please contact us immediately if you're having difficulty making payments so we can help.
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Need Help?
Our team is available to answer any questions about this product.