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.
- 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. PSV vehicles such as buses, Matatus, Taxis, etc. – Not applicable
- Access to quick financing against the car value.
- Repayment cycle based on customer’s income cycle.
- Loan application feedback in 48 hours.