Great features

• Financing of up to 70% of the value of the property, 90% of the deposit account balance, and 50% of the vehicle value if new
• Loan term of up to 4 years
• 15-18% interest rate

What you require to sign up

Diaspora loans are only offered to applicants who meet either of the following criteria:

• Non-Resident Rwandans
• Rwandans sent on foreign missions abroad
• Rwandans with dual citizenship

The loans can be extended to individuals or joint applicants.

Required Documents For Each Applicant:

• New or existing Equity Bank account
• Identification Documents – Rwanda ID/Passport and proof of current address
• 2 passport size photos
• Credit report from your country of residence
• Copies of Bank statements for the past 6 months
• Complete individual tax returns for the past 3 years
• Joint applicants to provide a marriage certificate or affidavit

Collateral/Security Document:

• Copy of the title deed (minimum remaining lease of 20 years), Equity Bank fixed deposit account certificate, or logbook

Salaried Applicants:

In addition to the above, salaried applicants must provide:

• Copies of payslips/paystubs for the past 3 months
• Employment letter/W-2/P60/T4

Self-Employed Applicants:

In addition to the above, self-employed applicants who earn dividends/distributions as opposed to a salary, must provide:

• Business registration documents
• Business bank statements for the last 12 months
• Business tax returns for the past 3 years
• Year-to-date management accounts (balance sheet and P&L statement)