Les + BOA

Overdraft

Is a Financing provided to corporate and SME customers to meet cash flow needs? This facility primarily bridges the gap between customers and suppliers.

Features

  • Minimum loan amount of Rwf 100 thousand 
  • Repayment period of 12 months or less 6 months
  • Requirements
  • Turnover of not less than 5 times of requested amount /  
  • Repayment capacity of 35%
  • Collateral – legal mortgage (preferably), cash cover, corporate guarantee (for very structured companies)
  • Open an account at BANK OF AFRICA in Rwanda

Benefits

  • Ensures that the customer will have cash available at all times
  • Interest is only charged on amount overdrawn

 

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