With the review of the amount, the bank has revised the repayment period of the unsecured loans from 4 years to 5 years to allow flexibility in repayment.
The bank has also improved flexibility in amounts clients can seek in unsecured loans.
Under the new regime, clients can apply for unsecured loans for as low as Rwf 300,000 while the maximum will depend on repayment capacity.
Xavier Shema Mugisha, the bank's Chief Business Officer said that by extending the tenure to 25 years for mortgage repayment, the lender is seeking to improve chances of homeownership for its clients after identifying tenure as a challenge.
Previously, the minimum amount of the vehicle loan was Rwf 4 million with a maximum amount of Rwf 35 which has since been adjusted to a minimum amount of Rwf 2 million while the maximum will depend on repayment capacity of a client.
