Movable Trade Uplift Loan
The Anchor Finance Trade Uplift Loan with Movable Security Interests is designed to help businesses engage in trade transactions by offering funding secured against movable assets. This loan is ideal for businesses looking to boost their working capital for trade and commercial activities, with manageable repayment terms.
Key Features of the Movable Trade Uplift Loan
Below are the key features of the Movable Trade Uplift Loan:
- Loan Amounts: Minimum Rwf 500,000, Maximum Rwf 10,000,000
- Interest Rate: 3.5% per month (Flat rate)
- Application Fee: Rwf 25,000 + VAT of the applied loan amount
- Loan Management Fee: Rwf 25,000 + VAT (paid upfront for the loan period)
- 10% monthly late payment penalty on principal
- Payment Frequency: Daily
- Tenure: 1 to 6 months
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Types of accepted collateral:
- Movable assets
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Collateral coverage ratios:
- Will be assessed based on the value of the movable assets provided
Loan Requirements
Below are the mandatory documents required to apply for Movable 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 25,000 + VAT
- Loan management fee: Rwf 25,000 + VAT
- Valuation report of movable assets by Anchor Finance valuer
- Proof of how the loan will be used in the trade activities
