HIRWA Unsecured Loan
The Anchor Finance HIRWA Unsecured Loan is designed to provide financial assistance to individuals seeking funds without requiring collateral. It is tailored for salaried employees or individuals with a stable income source who need financial support for personal or professional purposes. This loan offers flexible repayment terms and is ideal for meeting urgent financial needs, such as education, medical expenses, or business capital.Key Features of the HIRWA Unsecured Loan
Below are the key features of the HIRWA Unsecured Loan:
- Loan amounts from Rwf 500,000 to Rwf 50,000,000
- 4.5% monthly interest rate (54% per year, flat rate)
- 1% + VAT application fee
- 2% + VAT disbursement fee (paid upfront)
- 10% monthly late payment penalty on principal
- Payment frequency: Bullet payment at loan's end
- Tenure: 1 to 6 months
Loan Requirements
Below are the mandatory documents required to apply for the HIRWA Unsecured Loan:
- Loan application letter
- ID copies of both the borrower & spouse (if any)
- Marital status of the borrower
- Employment contract indicating terms and conditions of employment
- Stamped pay slips for recent 3 consecutive months
- Current salary certificates
- Bank statement for the last 6 months
