
Apply for a car loan
Shorter Terms, Big Benefits
Your Questions Answered
Car loans are available to both new and existing customers of NCBA Rwanda who meet the eligibility criteria. This includes factors such as credit worthiness, income, and other standard requirements.
The interest rate for car loans from NCBA Rwanda is 17% base rate per annum (PA), and it is applicable to both new and existing customers.
New customers can apply for a car loan by visiting any NCBA Rwanda branch or applying online through CarDuka. Our team is ready to assist you through the application process.
Certainly, NCBA Rwanda allows existing customers to refinance their Vehicles.
The minimum loan amount for Asset Finance Stand Alone is RWF 5 million, while the maximum amount per individual is RWF 700 million.Both new and existing customers are encouraged to contact our customer service or visit a branch for personalized assistance.
While our standard approval timeframe is 48 hours, it's important to note that for existing borrowers, the process may take longer due to considerations related to their existing exposure.But our goal is to provide a quick and efficient approval process for both new and existing customers. Our team will keep you informed throughout the application.
If you anticipate difficulty in making a monthly payment, it's essential to contact us in advance. We may be able to provide assistance or discuss alternative arrangements. Missing payments without communication may result in late fees.
Absolutely, NCBA Rwanda extends 100% financing for car loans, This is Applicable for individuals employed by reputable institutions, government officials, and those with lump-sum benefits.
The loan term for car loans with NCBA Rwanda is 60 months, allowing you to repay the loan over a period of five years.
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