Gisubizo Loan Express is an unsecured loan that seeks to meet short term financial needs/urgent needs of our retail Customers (e.g. payment of medical bills, utility bills, school fees, car repairs, holidays etc.).
Key Features :
- Salary is considered as a guarantee.
- Flexible amortization schedule i.e.: restructuring of the loan is free, if done in the same tenure.
- When you wish to pay off the loan before the end of the tenure, you will incur no prepayment penalties if repaid in part or in full.
- The loan can be multiplied up to fifteen times your net salary.
- The duration of the loan will extend on a period of up to 5 years.
- Up to 50% of your salary will be considered as monthly repayment.
- The loan will have a fast Turn Around Time (5 days maximum) if all the requirements are fulfilled on time.
- No requirement for collateral if the loan does not exceed 5Million.
- Above 5 million, the bank will request a collateral on excess amount.
- Be an employee with a fixed or open-end contract that covers the tenure of the loan.
- Have a regular monthly income for at least the past 3 months.
- Be willing to commit up to 50% of your monthly salary.
- Have a clean Credit Reference Bureau report.