How to Qualify for a Loan
Simple Steps to Financial Freedom
Age Requirement
- Must be at least 18 years old.
- Provide a copy of NRC (front and back) or a valid passport for foreign applicants.
Income Verification
- Reliable source of income required. Submit last 3 payslips or bank statement for business owners.
Debt-to-Income Ratio
- Cannot borrow more than 40% of net pay. Lower ratios are preferred.
Bank Account
- Valid bank account or Mobile Money number with linked full name required.
Loan Purpose
- Applicants must clearly specify the intended purpose of the loan. This helps us better understand your needs and tailor our services accordingly.
Collateral
- Collateral must be valued at 3 times the loan amount after interest has accrued. This ensures security for both parties involved in the loan agreement.
Documentation
- Prepare identification, proof of income, bank statements, and other requested documents.
Loan Amount
- Requirements may vary based on the size of the loan.
Additional Information
- Passport size photo or selfie
- Occupation
- Residential address with utility bill proof
- WhatsApp location of your residential address
- Contacts of 3 family member (state full names and relations)
Ready to take the next step towards financial freedom? Apply now and let us help you achieve your goals!
Apply for a Loan