Les + BOA

IGA Loan

BANK OF AFRICA in promoting access to education for all is offering a new product dedicated to finance the tuition payments of your children at any level of their studies.

Why bank with us?

      ♦  To enjoy the best service and get unlimited access to free financials advice and support

      ♦  To have access to wide range of products and services that we offer

 

What is IGA Loan?

It is a loan product for tuitions and school fees payment at Master’s level, University, Secondary, Primary and Nursery schools respectively.

 

Why IGA Loan?

This product will help parents to build a good career future for their children and enjoy freedom of paying tuitions fees at right time.

 

IGA Loan features

       ♦  Maximum repayment period : 12 months

       ♦  Minimum loan amount :Frw 40,000

       ♦  Maximum Loan amount: 2 times net  monthly salary/ monthly pension

 

Eligibility criteria:

        ♦  21 years and above

        ♦  Having children studying in any schools (private or public schools);

        ♦  Having an open ended contract for salaried and retirement benefit certificate for retiree;

        ♦  Domiciliation of your salary for at least 3 months 

        ♦  Domiciliation of pension pay-out at least 3 months

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