Immovable Trade Uplift Loan
The Anchor Finance Immovable Trade Uplift Loan is designed for businesses that need significant funding for trade activities and have both immovable and movable assets to use as collateral. This loan provides flexibility for businesses seeking larger amounts of capital for trade and commercial operations, while securing funding with both types of assets.
Key Features of the TImmovable Trade Uplift Loan
Below are the key features of the Immovable Trade Uplift Loan:
- Loan Amounts: Minimum Rwf 10,000,000, Maximum Rwf 50,000,000
- Interest Rate: 3.5% per month (Flat rate)
- Application Fee: Rwf 50,000 + VAT of the applied loan amount
- Loan Management Fee: Rwf 50,000 + VAT (paid upfront for the loan period)
- Late Payment Penalty: 10% daily on the amount in arrears (calculated on the principal amount)
- Tenure: 30 to 180 days
- Payment Frequency: Daily
- Tenure: 1 to 6 months
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Types of accepted collateral:
- Immovable assets
- Bonds
- Fixed bank savings
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Collateral coverage ratios:
- Will be assessed based on the value of both immovable and movable assets provided
Loan Requirements
Below are the mandatory documents required to apply for the Immovable Trade Uplift Loan:
- Loan Application letter (including: amount needed, purpose of the loan, location of the collateral stock)
- Business background
- Business certificate from RDB
- Proof of no outstanding loan from RRA
- History of the bank account (12 months)
- History of MomoPay account (3 months)
- Application fee: Rwf 50,000 + VAT
- Loan management fee: Rwf 50,000 + VAT
- Valuation report of both immovable and movable assets by Anchor Finance valuer
- Proof of how the loan will be used in trade activities
