Loan Syndication
Loan syndication is a product that enables several banks to provide you with a loan facility. BCR was the lead bank for the first loan syndication in Rwanda. Currently, the National Bank of Rwanda has limitations on how much a single person can borrow.
Nonetheless, if you need a syndicated loan talk to us, and we will see what we can do for you.
Features
- Repayment spread over an extended period, matching the life of the asset financed or cash-flow providing repayment.
- Medium to long term financing.
Basic Application Requirements
- Copy of the statutory documents (Statutes/Memorandum of Association and Articles of Association, Certificate of registration or a copy of identity card for individuals)
- Financial statements for 3 consecutive years (Balance sheet & Income statement) if it has been in operation. For the start ups we require opening balance sheet and income statement forecast.
- Cash flow projections for the period of the facility.
- Tax clearance certificate from the RRA no more than three months old.
- Business plan.
- Proposed security and its valuation report.
