From time to time, one needs to access a short term credit facility without a tedious process to settle emergencies or pursue emerging opportunities.
In response to market demand, Cogebanque introduced Gisubizo Loan Express, an unsecured facility that meets the short-term financial needs of the bank’s customers to cover expenses such as medical bills, utility bills, fees. schooling, auto repairs and vacations, among other needs.
Gisubizo Loan Express eligibility conditions include regular monthly income with a contract with an employer, business partner or customer.
The Bank also requires that a borrower have proof of regular monthly income for at least the last three months, be prepared to commit up to 50 percent of their monthly household income, and have a TransUnion report. clean (CRB report).
Gisubizo Loan Express allows borrowers to access up to fifteen times their net income with a loan repayment term of up to 5 years.
In addition, borrowers can also get Cogebanque credit cards with an interest free period of up to 55 days.
The bank says the loan has a quick turnaround time, which is in part due to the less stringent requirements and renewed focus on the bank’s retail customers. The loan has a flexible repayment schedule which is based on the ability to pay and no penalties for clients who wish to repay it before the end of the term.
The lender also has other quick loan products such as overdraft facilities for employees to be repaid through a cover account upon receipt of the next salary or spread over months.
The lender’s overdraft facilities are intended for employees who receive their salaries in Cogebanque accounts and can be useful to finance various expenses.
Customers who previously worked with other banks can submit their original bank statements from the last three months showing the salary credit history.
Present in the Rwandan market for over 20 years, the institution has constantly upgraded its services, products and financial solutions for the consumer segments of business, SMEs and retail.
Cogebanque has many service delivery channels such as branches (28), ATMs (36), internet banking, mobile banking (USSD and mobile wallet), a Mastercard provider in the country, a chip payment card, branch banking services (Over 600 agents across the country) and points of sale across the country.