Personal Consumer Loan
Personal Consumer Loan
| Purpose of the loan | Equity Contribution | Tenure of the Loan | Parial/Full Repayment in LCY | Full Repayment in FCY |
| Can be for own and /or relative living in Ethiopia. For immediate medical, tuition fee or livelihood needs : domestic or foreign travel, home improvements including the purchase of furniture and appliance; and other big ticket personal expenditure needs. | 10-15% | 5 Years | Saving IR Plus 7% | Saving IR plus 5% |
N.B. For personal loan , the bank may require 10-15% equity contribution depending on the purpose for which the proceed of loan is to be used. Such as home improvements include the purchase of furniture and appliance and the other similar purpose.
Murabaha for personal use (Consumer)
Murabaha for personal use (Consumer) can be for own and /or relatives living in Ethiopia for immediate medical, tuition fee, or livelihood needs domestic or foregn travel, home improvements, including the purchase of furniture and appliance and other big ticket personal expenditure needs.
| Equity contribuition 10% – 15% UP to 5 years | Partial / full Rep in LCY | Full Repayment in FCY | Murabaha Tenure | |
| 23% | 19.50% | Up to 3 Yrs | ||
| 39% | 33.50% | Up to 5Yrs | ||
