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Asset Finance
Logbook Loans
The NCBA logbook loan product aims to give individuals and businesses access to quick financing to enable them to meet their emergency needs for immediate cash.
You are able to borrow cash against an owned vehicle, provided it’s not under any finance.
Features
- Minimum loan amount- RWF 1 Million
- NCBA Bank Rwanda will finance up to 30% of cars under 12 years for a repayment period of 3 years.
- Logbook loan applicable to private and commercial vehicles only, i.e. trucks, saloon cars, and pickups. Public service vehicles such as buses, matatus, taxis, etc are not applicable
Benefits
- Access to quick financing against the car value.
- Repayment cycle based on customer’s income cycle.
- Loan application feedback in 48 hours.
Car Loans
NCBA takes asset finance to the next level. You can now look forward to a streamlined process, making it simpler, easier and faster, plus a choice of specialised finance for acquisitions of all forms of movable assets.
Loan Amount
The amount depends on the cost of the asset.
Tenor
- Depending on the lifespan of the asset. For example:
- New car: 48 months
- Used car: 36 months
- Motorcycle: 24 months
Interest Rate
- Base rate +/- margin basing on:
- Level of the risk associated with the deal
- Other business opportunities with us.
Fees
- Fees File opening fee: RWF 25,000 + VAT
- Search fee:
Contract Financing
Get flexible, short term trade loans to fund your trade transactions at necessary points of your business journey between concept to delivery.
For customers with needs around LPO Financing, Invoice Discounting, Distributor Financing, Reverse Factoring, among others.
Enjoy exclusive individual credit limits and flexibility based on existing and projected income streams.
Key Features
- Financing is up to 70% of the contract amount.
- Maximum repayment period of up to 12 months depending on the expiry date of the contract.
- Earn an improved credit standing and reputation due to timely payments.
- Flexibly structured to suit your firm’s trading cycle.
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