Mobile Banking Service Terms and Tariff
Fund transfer tariff
Service Type | Transfer Amount | Tariff (Birr) |
Transfer to other Awash bank Account | Up to 10,000 | 1 |
10,001 – 50,000 | 3 | |
50,001 – 100,000 | 5 | |
Above 100,000 | 15 | |
Transfer to partners (telebirr, M-Pesa, Rays and others) | Up to 5,000 | 2 |
5,001 – 15,000 | 5 | |
Above 15,000 | 10 | |
Transfer to other Bank | EthSwitch Pricing + 0.2% of the principal amount | |
Transfer to own account | Free | |
LMTS (ATM Cash Out) | 0.35% | |
Different Payment tariff
Payment Type | Tariff (ETB) |
Merchant Payment | Free |
School fee payment | Free |
Traffic Penalty payment | AwashBIRR: 3 |
At branch: 5 |
Bill payment tariff
Partners Name | Payment via | Tariff (ETB) |
DSTV Payment | AwashBIRR | 2 |
At branch | 5 | |
CANAL+ | AwashBIRR | 2 |
At branch | 5 | |
Ethio telecom | AwashBIRR | 2 |
At branch | 5 | |
Safaricom | AwashBIRR | 2 |
At branch | 5 | |
Electricity (EEU) | Free | |
| Eth-Switch Bill | Per the Et-switch Price that will be in the future +0.2% of the the principal amount |
Ticket
Partners Name | Payment via | Tariff (ETB) |
Ethiopian Airlines | AwashBIRR | 0.5% and Max. of 25 ETB |
At branch | 30 ETB |
Other payments
Service Type | Tariff (ETB) |
Re issuance PIN | Free |
Exchange Rate inquiry | Free |
Balance inquiry | Free |
Mini Statement | Free |
Full Statement | Free |
Annual Subscription Fee | 25 |
Any new bill & Utility Payment | Negotiable |
Derash | Free |
Unicash | Free |
Webirr | Free |
Internet Banking Service Terms and Tariff
Internet Banking Service Terms and Tariff
Service Type | Tariff (ETB) |
(LMTS) ATM Cash Out | 0.35% |
Transfer to own account | Free |
Transfer to other Awash bank account | Free |
Cheque book request | Free |
Subscription fee | Free |
Account overview and statement | Free |
View currency exchange rate | Free |
| Transfer to other bank | Per the Et-switch Price that will be in the future +0.2% of the the principal amount |
Card Issuance, Transaction and Management Fee
Different services
Service Type | Tariff (ETB) |
Issuance of debit card | 50 |
Re-issuance of PIN | 15 |
Debit Card Renewal | Free |
Debit Card Replacement (Lost or Stolen) | 100 |
ATM Card Cancelation or blocking | Free |
Additional Account Link | Free |
Pre-Paid account issuance | 50 |
Credit Card Issuance | 150 |
Credit Card Replacement | 200 |
Cash withdrawal – On Us | 0.35% |
Balance inquiry – On Us | Free |
Mini-statement – On Us | Free |
Cash withdrawal Remote – On Us | Per EthSwitch pricing |
Balance inquiry Remote – On Us | 0.5 cents/request |
Mini-statement Remote – On Us | Per Ethioswitch pricing |
PIN Change | Free |
POS Cash Advance | Free |
POS Merchant Transaction – On Us | Free |
POS Merchant Transaction – Off Us | Free |
Fund Transfer within Bank Account
| Transfer Amount (ETB) | Charges (ETB) |
| Up to 10,000 | 1 |
| 10,001- 50,000 | 3 |
| 50,001- 100,000 | 5 |
| Above 100,000 | 15 |
Agent Banking Fees
Cash-In/Cash-Out
Service Type | Transaction Amount (ETB) | Tariff (Birr) |
Cash In | >25 | Free |
Cash Out (From Wallet, Card and Core Banking account) | 25 – 100 | 3 |
101 – 500 | 4.5 | |
501 – 1,000 | 6 | |
1,001 – 3,000 | 8 | |
3,001 – 6,000 | 10 | |
6,001 – 8,000 | 11 | |
8,001 – 10,000 | 12 | |
10,001 – 15,000 | 15 | |
15,001 – 20,000 | 18 | |
>20,000 | 20 |
Bill Payment
Service Type | Transaction Amount (ETB) | Tariff (Birr) |
(All Bill payment types including school fee) | 25 and above | Free |
Fund Transfer
Service Type | Transaction Amount (ETB) | Tariff (Birr) |
Between Awash bank Accounts | 25 – 10,000 | 5 |
Transfer to Unregistered Customer | 5 – 500 | 5 |
Local remittance
Service Type | Transaction Amount (ETB) | Tariff (Birr) |
Pay local remittance | 25 – 100 | Free |
Other services
Service Type | Tariff (Birr) |
Account opening | Free |
Sale Airtime | Free |
Customer Balance Enquiry | 1 |
Customer Mini Statement | 1 |
Local Money transfer
Inter-branch and Inter-Bank Transaction
Type | Transfer Amount (ETB) | Tariff (ETB) |
Account to Account Transfer (Inter Branch) | 1 – 10,000 | 5 |
10,001 – 100,000 | 10 | |
> 100,000 | 15 | |
Transfer from Customer’s Account to other banks account (RTGS) for CPO, Cheque, Letter. | Flat Rate | 165 |
Incoming Special clearance | Flat Rate | 50 |
OBC | Flat Rate | 20 |
Transfer of tax collected on behalf of the government to NBE account | Flat Rate | 100 |
Bankers Cheque (CPO)
Up on issuance
Type | Range (ETB) | Tariff (ETB) |
From Account | Frat rate | 100 |
From non-account holder | Up to 100,000 | 300 |
100,001 – 500,000 | 500 | |
>500,000 | 750 |
Up on Replacement of Bankers Cheque
Type | Service Charge (ETB) |
From Account | 200 |
From non-account holder | 400 |
Up on Bankers Cheque Cancellation/voiding
Type | Service Charge (ETB) |
From Account | 100 |
From non-account holder | 200 |
Refunding lost bankers Cheque
Type | Service Charge (ETB) |
For Account holder | 200 |
For non-account holder | 250 |
Cheque Books Issued by Branches
Number of Leaves | Service Charge (ETB) |
– | – |
25 | 100 |
50 | 250 |
100 | 350 |
Standard Cheque Books Issued by NBE
Number of Leaves | Service Charge (ETB) |
25 | 50 |
50 | 100 |
100 | 200 |
Deposit Accounts
Savings Passbook
Service type | Service Charge (ETB) per passbook |
Passbook Issuance upon opening | Free |
Lost/Damaged Passbook Replacement | 100 |
Closure of Saving Account within 6 months from date of opening | 100 |
Foreign Exchange
FX Related Fees
| NO | Proposed terms and Tariff as per NBE letter Ref No GOV/0057/2025 Dated May 19,2025. | |||||
| From Awash | From Retention % | From FDI % | From Diaspora and others | SWIFT | ||
| 1 | Opening Commission for LC and Purchase Order | 4% | 2.50% | 2% | 2.50% | 0-$500-$50 $5000-$7000-$100 $7000-$10000-$200 above $10000-$500 |
| 2 | Top up/increase in LC,CAD and Purchase Order | 4% | 2.50% | 2% | 2.50% | 0-$500-$50 $5000-$7000-$100 $7000-$10000-$200 above $10000-$500 |
| 3 | Cash Note sales/Master card | 1] 4% from LCY account 2) Free for AB staff personal travel upto 4 month, if it is within 4 month interval 4% s/charge at selling rate will be applicable) 3),2% from account of NGOS generating FCY and working with AB | Free | Free | Free | 0-$500-$50 $5000-$7000-$100 $7000-$10000-$200 above $10000-$500 |
| 4 | correspondant bank charge | as per debit advice | as per debit advice | as per debit advice | as per debit advice | 0-$500-$50 $5000-$7000-$100 $7000-$10000-$200 above $10000-$500 |
| 5 | outgoing transefer service charge and freight | 4% | 2.50% | 2% | 2.50% | 0-$500-$50 $5000-$7000-$100 $7000-$10000-$200 above $10000-$500 and $50 For School fee payment, medical fee and transfer including “OUR” charge |
| Note For all FCY account holders, if Service charge is from local account collect 4% Except the above charges all terms and tariffs for special approvals remain the same. | ||||||
Saving & Checking Account
Saving and Checking Account
Service type | Service Charge (ETB) |
Saving and Checking Account Freeze (Court case) in favor of plaintiff (beneficiary) | 100 (Flat) |
Release (Payment to 3rd party by court) | 100 per beneficiary |
Inactive/Dormant A/C service charge
Service type | Service Charge |
S/A balance below Birr 50 for one year | Birr 25 per six months |
C/A balance below Birr 500 for six months | Birr 250/ six months for balance less than Birr 1,000 |
Orders
Service type | Service Charge |
Standing Instruction (S/A, C/A, TD, FCY, O/D, etc.) | Birr 25 per transaction |
Balance Order Instruction | Birr 100 per transaction |
Stop Payment Order | Birr 300 per Cheque (Single Cheque Issued) |
Birr 300 (flat) + Birr 10 per Cheque leaf |
Sundries Services
Sundries Services
Service type | Service Charge (ETB) |
Salary payment | 3/Account* |
Provident fund handling | Free |
Authentication fee at Documents and Authentication and Registration Office and Courts (In Person). | 250 + 3rd Party charge |
Online Authentication | 50 / Authentication |
Customer Door to Door Service to open Account | Free |
Customer Door to Door Service to pay and collect Cash (with in the same town) | As per the agreement |
Change of Signature | 25 per account |
* However, branch managers are authorized to waive the charge in view of the customer’s relationship with the bank.
Other Services
Insufficient Fund
Service type | Action and Service Charge |
First Time | Mark in the register book and communicate written warning |
Second Time | Penalize 3% of Cheque value (not exceeding Birr 25,000 + 2nd written warning) |
Third Time | 5% of Cheque amount not exceeding Birr 50,000, close the account & communicate to the office of Chief Retail & SME Banking, Internal Audit Directorate and same to customer/s. |
Duplicate Account Statement on Request (S/A, C/A, TD, FCY, O/D, Loan Accounts etc)
Service type | Service Charge |
Current Month | Birr 25 per page + Birr 5 for every additional copy page |
Historical | Birr 50 per page + Birr 5 for every additional copy page |
Balance Confirmation to External Auditors
Service type | Service Charge (ETB) |
(S/A, C/A, TD, FCY, O/D, Loan Accounts etc) | 200 (Flat) |
Duplicate Account Statement on Request (S/A, C/A, TD, FCY, O/D, Loan Accounts etc)
Service type | Service Charge |
Current Year | Birr 25 per advice or page |
Over a year | Birr 50 per advice or page |
Balance Availability Notification (S/A, C/A, TD, FCY, O/D, Loan Accounts etc)
Service type | Service Fee (ETB) | |
Local | Service Charge | 200 (Flat) |
Registered mail | As per the postal service | |
International | Service Charge | 200 (Flat) |
Courier Charge | As per courier cost | |
Interest on Saving Deposit
As per the existing NBE rate |
Time Deposit
Negotiation |
Issuance of Letter on credit status
Birr 200 |
Safe Box Rent
Safe Box Rent
Box Type | Service Charge Per Annum (ETB) |
Small | 4,000 |
Medium | 6,000 |
Large | 7,000 |
Extra Large | 8,000 |
NB: Penalty for failing to renew contract (pay annual rent): 100% of the annual rent in arrears. But 150% of the annual rent in arrears if the payment is above maturity period of the contract.
Share and Related Issues
Share and Related Issues
Service Type | Service Charge (ETB) |
Share Certificate Issuance when transfer of shares from one shareholder to another shareholder or to several other shareholders | 200 per each share certificate from both party. |
Share transfer fee (to be collected from the transferor and the transferee) | 1.25% from each party of gross proceed, minimum Birr 500. |
Splitting/consolidating share certificate/s in the name of the same shareholder | 500 per each share certificate |
Replacement of share certificates | No charge, if the replacement is caused by error (s) committed by the bank |
500 per each share certificate, if replacement is not caused by error (s) committed by the Bank. | |
Blocking of AB’s share to be held as collateral with other entities | 1,500 (For below Birr 1,000,000) |
2,500 (For above Birr 1,000,000) | |
Unblocking of AB’s share held as collateral with other entities | 1000 |
Share balance confirmation letter issuance-Staff | Free |
Share balance confirmation letter issuance-Non-Staff | 200 |
Trade Service Terms and Tarrifs
Trade Service Terms and Tarrifs
| S/N | Service Name | Description | Applicable Tariff/Term | Other fees and costs, if any | Remark | |||
| From Awash % | from Retention % | From FDI % | From Diaspora and Others | SWIFT | ||||
| 1 | Opening Commission for LC and Purchase Order Approval | Opening Commission | 4% | 2.5% | 2% | 2.5% | 0-$500=$50 $5000-$7000= $100 $7000-$10000=$200 above $10,000=$500 | Per Quarter |
| 2 | Increase on LC/CAD/PO (top-up) | Top-up | 4% | 2.5% | 2% | 2.5% | 0-$500=$50 $5000-$7000= $100 $7000-$10000=$200 above $10,000=$500 | Per Quarter |
| 3 | Out Going TT and Freight Payment | Service Charge | 4% | 2.5% | 2% | 2.5% | 0-$500=$50 $5000-$7000= $100 $7000-$10000=$200 above $10,000=$500 and $50 for School fee payment, medical fee and transfer including “OUR” charge | Per Quarter |
| 4 | Cash Note Sales/ Master Card | Service Charge | 1) 4% from LCY account 2) Free for AB Staffs personal travel upto 4 month, if it is with in 4 month 4% at selling rate 3) 2% from account of NGOs generating FCY and working with AB | Free | Free | Free | 0-$500=$50 $5000-$7000= $100 $7000-$10000=$200 above $10,000=$500 | |
| 5 | Correspondent Bank Charge | as per debit advise | as per debit advise | as per debit advise | as per debit advise | 0-$500=$50 $5000-$7000= $100 $7000-$10000=$200 above $10,000=$500 | ||
| 6 | Exchange Commission for NBE | Exchange commission | 2.50% | |||||
IFB Financing processing and handling fees and terms
| 1.Murabaha Financing Manufacturing (Export) | IFB Financing Profit rate, Corresponding with financing tenure & acceptable collateral type. | ||||||||
| Applicable Effective 01 December, 2023 | |||||||||
| Financing Tenure (Durations) | Collateral type & Corresponding Profit Rate for IFB financings | ||||||||
| Bank Guarantees (local & Foreign) and | Buildings, Gov’t Bond, Mudarabah Investment & Share certificates, But only @ their face value | MV’s, Machinery, Flower and Coffee Farms | Corresponding Murabaha Tenure in specific year (s) &/or Remarks | ||||||
| Government Guarantees (Federal, Regional & City Administrations) | |||||||||
| Quarterly | up to 12 Months (1 Yr) | 5% | 5.50% | 6% | To be repaid Within 1Yr | ||||
| 13-24 Months (2 Years) | 10% | 11% | 11.25% | To be repaid Within 2 Yrs | |||||
| 25-36 Months (3 Years) | 15% | 17% | 18% | To be repaid Within 3Yrs | |||||
| 37-48 Months (4 Years) | 22.50% | 23.75% | 25% | To be repaid Within 4Yrs | |||||
| 49 – 60 Months (5 Yrs) | 28.50% | 30% | 31.50% | To be repaid Within 5Yrs | |||||
| 61 – 72 Months (6 Yrs) | 40% | 41.75% | 43.50% | To be repaid Within 6Yrs | |||||
| 73 – 84 Months (7 Yrs) | 47% | 49.25% | 51.50% | To be repaid Within 7Yrs | |||||
| Semi-annually | up to 12 Months (1 Yr) | 6% | 7% | 7.25% | To be repaid Within 1Yr | ||||
| 13-24 Months (2 Years) | 11% | 12% | 12.50% | To be repaid Within 2 Yrs | |||||
| 25-36 Months (3 Years) | 16% | 18.25% | 19.25% | To be repaid Within 3Yrs | |||||
| 37-48 Months (4 Years) | 23.75% | 25% | 26.25% | To be repaid Within 4Yrs | |||||
| 49 – 60 Months (5 Yrs) | 29.50% | 31% | 32.50% | To be repaid Within 5Yrs | |||||
| 61 – 72 Months (6 Yrs) | 41.25% | 43.25% | 45% | To be repaid Within 6Yrs | |||||
| 73 – 84 Months (7 Yrs) | 48.25% | 50.50% | 53% | To be repaid Within 7Yrs | |||||
| Annually | up to 12 Months (1 Yr) | 8% | 9% | 9.50% | To be repaid Within 1Yr | ||||
| 13-24 Months (2 Years) | 13% | 14.50% | 15% | To be repaid Within 2 Yrs | |||||
| 25-36 Months (3 Years) | 18.50% | 20.50% | 21.75% | To be repaid Within 3Yrs | |||||
| 37-48 Months (4 Years) | 26.25% | 29% | 29% | To be repaid Within 4Yrs | |||||
| 49 – 60 Months (5 Yrs) | 32% | 33.50% | 35.25% | To be repaid Within 5Yrs | |||||
| 61 – 72 Months (6 Yrs) | 44% | 46% | 48% | To be repaid Within 6Yrs | |||||
| 73 – 84 Months (7 Yrs) | 51% | 53.50% | 56% | To be repaid Within 7Yrs | |||||
| 2.Agricultural Exp. (Floriculture, horticulture, etc.) | IFB Financing Profit rate, Corresponding with financing tenure & acceptable collateral type. | |||||||||||
| Applicable Effective 01 December, 2023 | ||||||||||||
| Financing Tenure (Durations) | Collateral type & Corresponding Profit Rate for IFB financings | |||||||||||
| Bank Guarantees (local & Foreign) and | Buildings, Gov’t Bond, Mudarabah Investment & Share certificates, But only @ their face value | MV’s, Machinery, Flower and Coffee Farms | Corresponding Murabaha Tenure in specific year (s) &/or Remarks | |||||||||
| Government Guarantees (Federal, Regional & City Administrations) | ||||||||||||
| Quarterly | up to 12 Months (1 Yr) | 4.50% | 4.50% | 4.50% | To be repaid Within 1Yr | |||||||
| 13-24 Months (2 Years) | 8.50% | 8.50% | 8.50% | To be repaid Within 2Yrs | ||||||||
| 25-36 Months (3 Years) | 12.50% | 12.50% | 12.50% | To be repaid Within 3Yrs | ||||||||
| 37-48 Months (4 Years) | 16% | 16% | 16% | To be repaid Within 4Yrs | ||||||||
| 49 – 60 Months (5 Yrs) | 20% | 20% | 20% | To be repaid Within 5Yrs | ||||||||
| 61 – 72 Months (6 Yrs) | 24.25% | 24.25% | 24.25% | To be repaid Within 6Yrs | ||||||||
| 73 – 84 Months (7 Yrs) | 28.50% | 28.50% | 28.50% | To be repaid Within 7Yrs | ||||||||
| Semi-annually | up to 12 Months (1 Yr) | 5.50% | 5.50% | 5.50% | To be repaid Within 1Yr | |||||||
| 13-24 Months (2 Years) | 9.25% | 9.25% | 9.25% | To be repaid Within 2Yrs | ||||||||
| 25-36 Months (3 Years) | 13% | 13% | 13% | To be repaid Within 3Yrs | ||||||||
| 37-48 Months (4 Years) | 17% | 17% | 17% | To be repaid Within 4Yrs | ||||||||
| 49 – 60 Months (5 Yrs) | 21% | 21% | 21% | To be repaid Within 5Yrs | ||||||||
| 61 – 72 Months (6 Yrs) | 25% | 25% | 25% | To be repaid Within 6Yrs | ||||||||
| 73 – 84 Months (7 Yrs) | 29.25% | 29.25% | 29.25% | To be repaid Within 7Yrs | ||||||||
| Annually | up to 12 Months (1 Yr) | 7.25% | 7.25% | 7.25% | To be repaid Within 1Yr | |||||||
| 13-24 Months (2 Years) | 11% | 11% | 11% | To be repaid Within 2Yrs | ||||||||
| 25-36 Months (3 Years) | 15% | 15% | 15% | To be repaid Within 3Yrs | ||||||||
| 37-48 Months (4 Years) | 18.75% | 18.75% | 18.75% | To be repaid Within 4Yrs | ||||||||
| 49 – 60 Months (5 Yrs) | 22.75% | 22.75% | 22.75% | To be repaid Within 5Yrs | ||||||||
| 61 – 72 Months (6 Yrs) | 27% | 27% | 27% | To be repaid Within 6Yrs | ||||||||
| 73 – 84 Months (7 Yrs) | 31% | 31% | 31% | To be repaid Within 7Yrs | ||||||||
| 3.Murabaha Financing Logistics, Freight forwarding and consultancy services tour and travel (service Export) | IFB Financing Profit rate, Corresponding with financing tenure & acceptable collateral type. | |||||||||
| Applicable Effective 01 December, 2023 | ||||||||||
| Financing Tenure (Durations) | Collateral type & Corresponding Profit Rate for IFB financings | |||||||||
| Bank Guarantees (local & Foreign) and | Buildings, Gov’t Bond, Mudarabah Investment & Share certificates, But only @ their face value | MV’s, Machinery, Flower and Coffee Farms | Corresponding Murabaha Tenure in specific year (s) &/or Remarks | |||||||
| Government Guarantees (Federal, Regional & City Administrations) | ||||||||||
| Quarterly | up to 12 Months (1 Yr) | 5% | 5% | 6% | To be repaid Within1Yr | |||||
| 13-24 Months (2 Years) | 10% | 11% | 12.25% | To be repaid Within2 Yr | ||||||
| 25-36 Months (3 Years) | 15% | 16% | 18% | To be repaid Within3Yr | ||||||
| 37-48 Months (4 Years) | 21.50% | 23.75% | 25% | To be repaid Within4Yr | ||||||
| 49 – 60 Months (5 Yrs) | 26.75% | 30% | 31.50% | To be repaid Within5Yr | ||||||
| 61 – 72 Months (6 Yrs) | 40% | 43.50% | 45.50% | To be repaid Within6Yr | ||||||
| 73 – 84 Months (7 Yrs) | 47% | 51.50% | 54% | To be repaid Within7Yr | ||||||
| Semi-annually | up to 12 Months (1 Yr) | 6.50% | 6.50% | 7.25% | To be repaid Within1Yr | |||||
| 13-24 Months (2 Years) | 11% | 12.15% | 13.50% | To be repaid Within2 Yr | ||||||
| 25-36 Months (3 Years) | 16% | 17.25% | 19.25% | To be repaid Within3Yr | ||||||
| 37-48 Months (4 Years) | 22.50% | 25% | 26.25% | To be repaid Within4Yr | ||||||
| 49 – 60 Months (5 Yrs) | 28% | 31% | 32.50% | To be repaid Within5Yr | ||||||
| 61 – 72 Months (6 Yrs) | 41.25% | 45% | 47% | To be repaid Within6Yr | ||||||
| 73 – 84 Months (7 Yrs) | 48.25% | 53% | 55.50% | To be repaid Within7Yr | ||||||
| Annually | To be repaid Within1Yr | 8.50% | 8.50% | 9.50% | To be repaid Within1Yr | |||||
| To be repaid Within2 Yr | 13% | 14.50% | 16% | To be repaid Within2 Yr | ||||||
| To be repaid Within3Yr | 18.50% | 19.50% | 21.75% | To be repaid Within3Yr | ||||||
| To be repaid Within4Yr | 25% | 27.50% | 29% | To be repaid Within4Yr | ||||||
| To be repaid Within5Yr* | 30.25% | 33.50% | 35.25% | To be repaid Within5Yr | ||||||
| To be repaid Within6Yr | 44% | 48% | 50% | To be repaid Within6Yr | ||||||
| To be repaid Within7Yr | 51% | 56% | 58.25% | To be repaid Within7Yr | ||||||
| 5.Murabaha Financing to Other export (not included under item No. 1,2 & 3) | IFB Financing Profit rate, Corresponding with financing tenure & acceptable collateral type. | ||||||||||
| Applicable Effective 01 December, 2023 | |||||||||||
| Financing Tenure (Durations) | Collateral type & Corresponding Profit Rate for IFB financings | ||||||||||
| Bank Guarantees (local & Foreign) and | Buildings, Gov’t Bond, Mudarabah Investment & Share certificates, But only @ their face value | MV’s, Machinery, Flower and Coffee Farms | Corresponding Murabaha Tenure in specific year (s) &/or Remarks | ||||||||
| Government Guarantees (Federal, Regional & City Administrations) | |||||||||||
| Quarterly | up to 12 Months (1 Yrs) | 7.25% | 10% | 10.25% | To be repaid Within1Yr | ||||||
| 13-24 Months (2 Years) | 14% | 19% | 19.50% | To be repaid Within2Yr | |||||||
| 25-36 Months (3 Years) | 21.50% | 28.75% | 29.75% | To be repaid Within3Yr | |||||||
| 37-48 months (4 Years) | 30% | 40% | 41.15% | To be repaid Within4Yr | |||||||
| 49 – 60 Months (5 Yrs) | 37% | 50.50% | 52% | To be repaid Within5Yr | |||||||
| 61 – 72 Months (6 Yrs) | 47.50% | 51.50% | 65.50% | To be repaid Within6Yr | |||||||
| 73 – 84 Months (7 Yrs) | 56.15% | 75.50% | 78% | To be repaid Within7Yr | |||||||
| Semi-annually | up to 12 Months (1 Yrs) | 8.75% | 11.75% | 12.15% | To be repaid Within1Yr | ||||||
| 13-24 Months (2 Years) | 15.50% | 20.75% | 21.50% | To be repaid Within2Yr | |||||||
| 25-36 Months (3 Years) | 23% | 30.75% | 31.75% | To be repaid Within3Yr | |||||||
| 37-48 months (4 Years) | 31.50% | 42% | 43.25% | To be repaid Within4Yr | |||||||
| 49 – 60 Months (5 Yrs) | 39% | 52.50% | 54.15% | To be repaid Within5Yr | |||||||
| 61 – 72 Months (6 Yrs) | 49% | 65.50% | 67.50% | To be repaid Within6Yr | |||||||
| 73 – 84 Months (7 Yrs) | 57.75% | 77.25% | 80% | To be repaid Within7Yr | |||||||
| Annually | up to 12 Months (1 Yrs) | 11.50% | 15.50% | 16% | To be repaid Within1Yr | ||||||
| 13-24 Months (2 Years) | 18.50% | 24.50% | 25.50% | To be repaid Within2Yr | |||||||
| 25-36 Months (3 Years) | 26% | 34.50% | 35.75% | To be repaid Within3Yr | |||||||
| 37-48 months (4 Years) | 34.50% | 46% | 47.25% | To be repaid Within4Yr | |||||||
| 49 – 60 Months (5 Yrs) | 42.15% | 56.25% | 58% | To be repaid Within5Yr | |||||||
| 61 – 72 Months (6 Yrs) | 52.25% | 69.50% | 71.50% | To be repaid Within6Yr | |||||||
| 73 – 84 Months (7 Yrs) | 60.75% | 81% | 83.50% | To be repaid Within7Yr | |||||||
Hotel Sector
| S/No. | Murabaha Financing Sectors | IFB Financing Profit rate, Corresponding with financing tenure & acceptable collateral type. | ||||||||||||||||
| Applicable Effective 01 December, 2023 | ||||||||||||||||||
| Financing Tenure (Durations) | Collateral type & Corresponding Profit Rate for IFB financings | |||||||||||||||||
| Bank Guarantees (local & Foreign) and | Buildings, Gov’t Bond, Mudarabah Investment & Share certificates, But only @ their face value | MV’s, Machinery, Flower and Coffee Farms | Corresponding Murabaha Tenure in specific year (s) &/or Remarks | |||||||||||||||
| Government Guarantees (Federal, Regional & City Administrations) | ||||||||||||||||||
| 5 | Five star and above Related hotels and Brand hotels; | up to 12 Months (1 Yrs) | 7.25% | 9% | 9.25% | To be repaid Within1Yr | ||||||||||||
| Note: Alcoholic items & beds shall be excluded | 13-24 Months (2 Years) | 14% | 17% | 17.50% | To be repaid Within2Yr | |||||||||||||
| 25-36 Months (3 Years) | 21.50% | 26% | 27% | To be repaid Within3Yr | ||||||||||||||
| 37-48 Months (4 Years) | 30% | 36.50% | 38.50% | To be repaid Within4Yr | ||||||||||||||
| 49 – 60 Months (5 Yrs) | 37.50% | 46.50% | 49% | To be repaid Within5Yr | ||||||||||||||
| 61 – 72 Months (6 Yrs) | 47.50% | 59.50% | 60.50% | To be repaid Within6Yr | ||||||||||||||
| 73 – 84 Months (7 Yrs) | 56.15% | 70.50% | 71.75% | To be repaid Within7Yr | ||||||||||||||
| 6 | Three and Four star rated Hotels: | up to 12 months (1 Yrs) | 7.25% | 10% | 10.25% | To be repaid Within1Yr | ||||||||||||
| 13-24 Months (2 Years) | 14% | 19% | 19.50% | To be repaid Within2Yr | ||||||||||||||
| 25-36 Months (3 Years) | 21.50% | 28.75% | 29.75% | To be repaid Within3Yr | ||||||||||||||
| Note: Alcoholic items & beds shall be excluded | 37-48 Months (4 Years) | 30% | 40% | 41.25% | To be repaid Within4Yr | |||||||||||||
| 49 – 60 Months (5 Yrs) | 37.50% | 50.50% | 52% | To be repaid Within5Yr | ||||||||||||||
| 61 – 72 Months (6 Yrs) | 47.50% | 63.50% | 65.50% | To be repaid Within6Yr | ||||||||||||||
| 73 – 84 Months (7 Yrs) | 56.25% | 75.50% | 78% | To be repaid Within7Yr | ||||||||||||||
| 7 | General hotel and tourism, not included elsewhere; | up to 12 months (1 Yr) | 7.25% | 10.25% | 10.50% | To be repaid Within1Yr | ||||||||||||
| 13-24 Months (2 Years) | 14% | 19.50% | 20% | To be repaid Within2Yrs | ||||||||||||||
| Note: Alcoholic items & beds shall be excluded | 25-36 Months (3 Years) | 21.50% | 29.75% | 30.50% | To be repaid Within3Yrs | |||||||||||||
| 37-48 Months (4 Years) | 30% | 41.25% | 43.75% | To be repaid Within4Yrs | ||||||||||||||
| 49 – 60 Months (5 Yrs) | 37.50% | 52% | 55.50% | To be repaid Within5Yrs | ||||||||||||||
| 61 – 72 Months (6 Yrs) | 47.50% | 67.50% | 69.75% | To be repaid Within6Yrs | ||||||||||||||
| 73 – 84 Months (7 Yrs) | 56.25% | 80.50% | 83% | To be repaid Within7Yrs | ||||||||||||||
Education and Health Sector
| S/No. | Murabaha Financing Sectors | IFB Financing Profit rate, Corresponding with financing tenure & acceptable collateral type. | ||||||||||||||||
| Applicable Effective 01 December, 2023 | ||||||||||||||||||
| Financing Tenure (Durations) | Collateral type & Corresponding Profit Rate for IFB financings | |||||||||||||||||
| Bank Guarantees (local & Foreign) and | Buildings, Gov’t Bond, Mudarabah Investment & Share certificates, But only @ their face value | MV’s, Machinery, Flower and Coffee Farms | Corresponding Murabaha Tenure in specific year (s) &/or Remarks | |||||||||||||||
| Government Guarantees (Federal, Regional & City Administrations) | ||||||||||||||||||
| 8 | Education and Health Sector | up to 12 Months (1 Yr) | 7.25% | 10% | 10.25% | To be repaid Within1Yr | ||||||||||||
| 13-24 Months (2 Years) | 14% | 19% | 19.50% | To be repaid Within2Yrs | ||||||||||||||
| 25-36 Months (3 Years) | 21.50% | 28.75% | 29.75% | To be repaid Within3Yrs | ||||||||||||||
| 37-48 Months (4 Years) | 30% | 40% | 41.15% | To be repaid Within 4Yrs | ||||||||||||||
| 49 – 60 Months (5 Yrs) | 37.50% | 50.50% | 52% | To be repaid Within5Yrs | ||||||||||||||
| 61 – 72 Months (6 Yrs) | 47.50% | 63.50% | 65.50% | To be repaid Within6Yrs | ||||||||||||||
| 73 – 84 Months (7 Yrs) | 56.15% | 75.50% | 78% | To be repaid Within7Yrs | ||||||||||||||
Revolving IFB Export
| S/No. | Murabaha Financing Sectors | IFB Financing Profit rate, Corresponding with financing tenure & acceptable collateral type. | ||||||||||||||||
| Applicable Effective 01 December, 2023 | ||||||||||||||||||
| Financing Tenure (Durations) | Collateral type & Corresponding Profit Rate for IFB financings | |||||||||||||||||
| Bank Guarantees (local & Foreign) and | Buildings, Gov’t Bond, Mudarabah Investment & Share certificates, But only @ their face value | MV’s, Machinery, Flower and Coffee Farms | Corresponding Murabaha Tenure in specific year (s) &/or Remarks | |||||||||||||||
| Government Guarantees (Federal, Regional & City Administrations) | ||||||||||||||||||
| 9 | Revolving IFB Export Financing Facility (Qard) | Pre or Post shipment (for L/C) | Against strong collateral or DBE guarantee | Not applicable | – Repayment is expected within 120 days from FCY proceeds. | |||||||||||||
| Post-shipment (for L/C) | Against strong collateral or confirmed L/C | Not applicable | – But, if granted time has exceeded 120 days &/or the customer choose to pay it in LCY, appropriate Murabaha profit rate shall be applied on the Disbursed amount from the date of disbursement. | |||||||||||||||
| Revolving IFB Export Financing Facility (Qard) for both (coffee and Non Coffee) | Pre-shipment for one year | Against strong & acceptable Collateral/s | Free of any charges & profits, 120 days | |||||||||||||||
| 10 | ||||||||||||||||||
Merchandize Murabaha Fin.
| S/No. | Murabaha Financing Sectors | IFB Financing Profit rate, Corresponding with financing tenure & acceptable collateral type. | ||||||||||||||||
| Applicable Effective 01 December, 2023 | ||||||||||||||||||
| Financing Tenure (Durations) | Collateral type & Corresponding Profit Rate for IFB financings | |||||||||||||||||
| Bank Guarantees (local & Foreign) and | Buildings, Gov’t Bond, Mudarabah Investment & Share certificates, But only @ their face value | MV’s, Machinery, Flower and Coffee Farms | Corresponding Murabaha Tenure in specific year (s) &/or Remarks | |||||||||||||||
| Government Guarantees (Federal, Regional & City Administrations) | ||||||||||||||||||
| 11 | Merchandize Murabaha Fin. | Export Merchandize Murabaha, whereby the expected FCY proceeds shall be repatriated within 3 Months. | 2.75% | (For reliable customers against PG) | ||||||||||||||
| Local Merchandize Murabaha to be repaid within 3 Months | 5.50% | |||||||||||||||||
| Local Merchandize Murabaha to be repaid within 3 – 6 Months | 6.50% | For selective & Corporate Customers only. | ||||||||||||||||
| Local Merchandize Murabaha to be repaid over 6 Months (for 1 year) | 11.50% | It must be supported by agency agreement b/n the and the customer. | ||||||||||||||||
| Merchandise against warehouse receipt and collateralized commodity Finance(CCF) | 10.5% for Quarter and 12.5% for semi-annual repayment | |||||||||||||||||
Manufacturing (Non-Export)
| S/No. | Murabaha Financing Sectors | IFB Financing Profit rate, Corresponding with financing tenure & acceptable collateral type. | ||||||||||||||||
| Applicable Effective 01 December, 2023 | ||||||||||||||||||
| Financing Tenure (Durations) | Collateral type & Corresponding Profit Rate for IFB financings | |||||||||||||||||
| Bank Guarantees (local & Foreign) and | Buildings, Gov’t Bond, Mudarabah Investment & Share certificates, But only @ their face value | MV’s, Machinery, Flower and Coffee Farms | Corresponding Murabaha Tenure in specific year (s) &/or Remarks | |||||||||||||||
| Government Guarantees (Federal, Regional & City Administrations) | ||||||||||||||||||
| Manufacturing (Non-Export) | Up to three months(3M) | 2% | 2.50% | 2.50% | To be repaid within three months | |||||||||||||
| Up to six months(6M) | 3.50% | 5% | 5% | To be repaid within six months | ||||||||||||||
| 12 | Quarterly | up to 12 Months (1 Yr) | 7.25% | 10% | 10.25% | To be repaid Within 1Yr | ||||||||||||
| 13-24 Months (2 Years) | 14% | 19% | 19.50% | To be repaid Within2Yrs | ||||||||||||||
| 25-36 Months (3 Years) | 21.50% | 29% | 29.75% | To be repaid Within3Yrs | ||||||||||||||
| 37-48 Months (4 Years) | 30% | 40% | 41.15% | To be repaid Within4Yrs | ||||||||||||||
| 49 – 60 Months (5 Yrs) | 37.50% | 50.50% | 52% | To be repaid Within5Yrs | ||||||||||||||
| 61 – 72 Months (6 Yrs) | 47.50% | 63.50% | 65.50% | To be repaid Within6Yrs | ||||||||||||||
| 73 – 84 Months (7 Yrs) | 56.15% | 75.50% | 78% | To be repaid Within7Yrs | ||||||||||||||
| Semi-annually | up to 12 Months (1 Yr) | 8.75% | 11.75% | 12.15% | To be repaid Within 1Yr | |||||||||||||
| 13-24 Months (2 Years) | 15.50% | 20.75% | 21.50% | To be repaid Within2Yrs | ||||||||||||||
| 25-36 Months (3 Years) | 23% | 30.75% | 31.75% | To be repaid Within3Yrs | ||||||||||||||
| 37-48 Months (4 Years) | 31.50% | 42% | 43.25% | To be repaid Within4Yrs | ||||||||||||||
| 49 – 60 Months (5 Yrs) | 39% | 52.50% | 54% | To be repaid Within5Yrs | ||||||||||||||
| 61 – 72 Months (6 Yrs) | 49% | 65.50% | 67.50% | To be repaid Within6Yrs | ||||||||||||||
| 73 – 84 Months (7 Yrs) | 57.50% | 77.25% | 80% | To be repaid Within7Yrs | ||||||||||||||
| Annually | up to 12 Months (1 Yr) | 11.50% | 15.50% | 16% | To be repaid Within 1Yr | |||||||||||||
| 13-24 Months (2 Years) | 18.50% | 24.50% | 25.50% | To be repaid Within2Yrs | ||||||||||||||
| 25-36 Months (3 Years) | 26% | 34.50% | 35.75% | To be repaid Within3Yrs | ||||||||||||||
| 37-48 Months (4 Years) | 34.50% | 46% | 47.25% | To be repaid Within4Yrs | ||||||||||||||
| 49 – 60 Months (5 Yrs) | 42.15% | 56.25% | 58% | To be repaid Within5Yrs | ||||||||||||||
| 61 – 72 Months (6 Yrs) | 52.25% | 69.50% | 71.50% | To be repaid Within6Yrs | ||||||||||||||
| 73 – 84 Months (7 Yrs) | 60.75% | 81% | 83.50% | To be repaid Within7Yrs | ||||||||||||||
Domestic trade and services
| S/No. | Murabaha Financing Sectors | IFB Financing Profit rate, Corresponding with financing tenure & acceptable collateral type. | ||||||||||||||||
| Applicable Effective 01 December, 2023 | ||||||||||||||||||
| Financing Tenure (Durations) | Collateral type & Corresponding Profit Rate for IFB financings | |||||||||||||||||
| Bank Guarantees (local & Foreign) and | Buildings, Gov’t Bond, Mudarabah Investment & Share certificates, But only @ their face value | MV’s, Machinery, Flower and Coffee Farms | Corresponding Murabaha Tenure in specific year (s) &/or Remarks | |||||||||||||||
| Government Guarantees (Federal, Regional & City Administrations) | ||||||||||||||||||
| 13 | Domestic trade and services (DTS Local Murabaha Financing) | Quarterly | Up to three months(3M) | 2% | 2.75% | 3% | To be repaid Within 3months | |||||||||||
| Quarterly | Up to six months(6M) | 3.50% | 5.50% | 5.50% | To be repaid Within 6months | |||||||||||||
| up to 12 Months (1 Yrs) | 7.25% | 10.85% | 11.50% | To be repaid Within1Yr | ||||||||||||||
| 13-24 Months (2 Years) | 14% | 21% | 21.25% | To be repaid Within2Yrs | ||||||||||||||
| Quarterly | 25-36 Months (3 Years) | 21.50% | 32.50% | 33% | To be repaid Within3Yrs | |||||||||||||
| 37-48 Months (4 Years) | 30% | 44.50% | 45% | To be repaid Within4Yrs | ||||||||||||||
| 49 – 60 Months (5 Yrs) | 37.50% | 56.25% | 57% | To be repaid Within5Yrs | ||||||||||||||
| 61 – 72 Months (6 Yrs) | 47.50% | 69.75% | 69.75% | To be repaid Within6Yrs | ||||||||||||||
| 73 – 84 Months (7 Yrs) | 56.15% | 83% | 83% | To be repaid Within7Yrs | ||||||||||||||
| Semi-annually | up to 12 Months (1 Yr) | 7.25% | 13% | 13.50% | To be repaid Within 1Yr | |||||||||||||
| 13-24 Months (2 Years) | 15.50% | 23.15% | 23.50% | To be repaid Within2Yrs | ||||||||||||||
| 25-36 Months (3 Years) | 23% | 34.75% | 35.25% | To be repaid Within3Yrs | ||||||||||||||
| 37-48 Months (4 Years) | 31.50% | 46.50% | 47.25% | To be repaid Within4Yrs | ||||||||||||||
| 49 – 60 Months (5 Yrs) | 39% | 58.50% | 59.25% | To be repaid Within5Yrs | ||||||||||||||
| 61 – 72 Months (6 Yrs) | 49% | 72% | 72% | To be repaid Within6Yrs | ||||||||||||||
| 73 – 84 Months (7 Yrs) | 57.50% | 85% | 85% | To be repaid Within7Yrs | ||||||||||||||
| Annually | up to 12 Months (1 Yr) | 11.50% | 17% | 17.75% | To be repaid Within 1Yr | |||||||||||||
| 13-24 Months (2 Years) | 18.50% | 27.35% | 27.75% | To be repaid Within2Yrs | ||||||||||||||
| 25-36 Months (3 Years) | 26% | 39% | 39.50% | To be repaid Within3Yrs | ||||||||||||||
| 37-48 Months (4 Years) | 34.50% | 51% | 51.50% | To be repaid Within4Yrs | ||||||||||||||
| 49 – 60 Months (5 Yrs) | 42.15% | 62.50% | 63.50% | To be repaid Within5Yrs | ||||||||||||||
| 61 – 72 Months (6 Yrs) | 52.25% | 76% | 76% | To be repaid Within6Yrs | ||||||||||||||
| 73 – 84 Months (7 Yrs) | 60.75% | 89% | 89% | To be repaid Within7Yrs | ||||||||||||||
Import Murabaha Finan.
| S/No. | Murabaha Financing Sectors | IFB Financing Profit rate, Corresponding with financing tenure & acceptable collateral type. | ||||||||||||||||
| Applicable Effective 01 December, 2023 | ||||||||||||||||||
| Financing Tenure (Durations) | Collateral type & Corresponding Profit Rate for IFB financings | |||||||||||||||||
| Bank Guarantees (local & Foreign) and | Buildings, Gov’t Bond, Mudarabah Investment & Share certificates, But only @ their face value | MV’s, Machinery, Flower and Coffee Farms | Corresponding Murabaha Tenure in specific year (s) &/or Remarks | |||||||||||||||
| Government Guarantees (Federal, Regional & City Administrations) | ||||||||||||||||||
| 14 | Import Murabaha Finan. (3 types) whereby relevant IFB contracts shall be signed by the parties & annexed to each of the LCs during opening. | Quarterly | Up to three months(3M) | 2% | 3% | 3% | To be repaid Within 3 months | |||||||||||
| a) Murabaha L/C: | Up to six months(6M) | 3.50% | 5.50% | 5.50% | To be repaid Within 6 months | |||||||||||||
| Based on the customer’s written request, when the Bank agreed to purchase the asset & sale it to the customer on deferred Murabaha basis, (MPO). | up to 12 Months (1 Yrs) | 7.25% | 10.85% | 11.50% | To be repaid Within1Yr | |||||||||||||
| 13-24 Months (2 Years) | 14% | 21% | 21.50% | To be repaid Within2Yrs | ||||||||||||||
| 14.1 | 25-36 Months (3 Years) | 21.50% | 32.50% | 33% | To be repaid Within3Yrs | |||||||||||||
| 37-48 Months (4 Years) | 30% | 44.50% | 45% | To be repaid Within4Yrs | ||||||||||||||
| 49 – 60 Months (5 Yrs) | 37.50% | 56.25% | 57% | To be repaid Within 5Yrs | ||||||||||||||
| 61 – 72 Months (6 Yrs) | 47.50% | 69.75% | 70% | To be repaid Within 6Yrs | ||||||||||||||
| 73 – 84 Months (7 Yrs) | 56.15% | 83% | 83% | To be repaid Within7Yrs | ||||||||||||||
| Semi-annually | up to 12 Months (1 Yr) | 8.75% | 13% | 13.50% | To be repaid Within 1Yr | |||||||||||||
| 13-24 Months (2 Years) | 15.50% | 23.15% | 23.50% | To be repaid Within2Yrs | ||||||||||||||
| 25-36 Months (3 Years) | 23% | 34.75% | 35.25% | To be repaid Within3Yrs | ||||||||||||||
| 37-48 Months (4 Years) | 31.50% | 46.50% | 47.25% | To be repaid Within4Yrs | ||||||||||||||
| 49 – 60 Months (5 Yrs) | 39% | 58.50% | 59.25% | To be repaid Within5Yrs | ||||||||||||||
| 61 – 72 Months (6 Yrs) | 49% | 72% | 72% | To be repaid Within6Yrs | ||||||||||||||
| 73 – 84 Months (7 Yrs) | 57.50% | 85% | 85% | To be repaid Within7Yrs | ||||||||||||||
| Annually | up to 12 Months (1 Yr) | 11.50% | 17% | 17.75% | To be repaid Within 1Yr | |||||||||||||
| 13-24 Months (2 Years) | 18.50% | 27.50% | 27.75% | To be repaid Within2Yrs | ||||||||||||||
| 25-36 Months (3 Years) | 26% | 39% | 39.50% | To be repaid Within3Yrs | ||||||||||||||
| 37-48 Months (4 Years) | 34.50% | 51% | 51.50% | To be repaid Within4Yrs | ||||||||||||||
| 49 – 60 Months (5 Yrs)* | 42.15% | 62.50% | 63.50% | To be repaid Within5Yrs | ||||||||||||||
| 61 – 72 Months (6 Yrs) | 52.25% | 76% | 76% | To be repaid Within6Yrs | ||||||||||||||
| 73 – 84 Months (7 Yrs) | 60.75% | 89% | 89% | To be repaid Within7Yrs | ||||||||||||||
| 14.2 | b) Musharakah L/C: | If the LC document is due for Up to 90 days | Collect 9.5% profit on Bank’s part & handover the documents to the customer | |||||||||||||||
| When the Bank open the LC against blocking certain %age from the customer account in the form of Margin Facility. Upon settlement, the Bank shall record transactions by Dr. Corresp. Account and Credit Advance against Murabaha Import Bills. | If the LC document is due for 61-90 days | Collect 4% Bank’s profit & impose 8.5% P.a, penalty on Bank’s part | ||||||||||||||||
| If the LC document is due for Over 90 days | 1. Sale the imported goods and refund the Bank’s part together with 13. % profit applied on Asset costs & then, impose 8.5% p.a penalty to be credited to Charity account, before refunding the Margin held amount to the customer. | |||||||||||||||||
| 2. Legal services Directorate & Sharia Advisory Committee shall issue separate (joint) opinions regarding leftover money, if any. i.e., should the Bank take it, credit it to Charity account or it is to be given to the customer? | ||||||||||||||||||
| 14.3 | c) Wakalah LC: | Applicable Commissions & charges related to Trade service operations shall be applicable to IFB services as well. | ||||||||||||||||
| When the Bank opened the L/C document against Debiting customer’s account for 100%, as it is being practiced currently by Conventional Banking. | ||||||||||||||||||
Transport services , Building Construction & Real state
| S/No. | Murabaha Financing Sectors | IFB Financing Profit rate, Corresponding with financing tenure & acceptable collateral type. | ||||||||||||||||
| Applicable Effective 01 December, 2023 | ||||||||||||||||||
| Financing Tenure (Durations) | Collateral type & Corresponding Profit Rate for IFB financings | |||||||||||||||||
| Bank Guarantees (local & Foreign) and | Buildings, Gov’t Bond, Mudarabah Investment & Share certificates, But only @ their face value | MV’s, Machinery, Flower and Coffee Farms | Corresponding Murabaha Tenure in specific year (s) &/or Remarks | |||||||||||||||
| Government Guarantees (Federal, Regional & City Administrations) | ||||||||||||||||||
| 15 | Transport services | Quarterly | up to 12 Months (1 Yr) | 7.25% | 10.85% | 11.50% | To be repaid Within1Yr | |||||||||||
| 13-24 Months (2 Years) | 14% | 21% | 21.25% | To be repaid Within2Yrs | ||||||||||||||
| 25-36 Months (3 Years) | 21.50% | 32.50% | 33% | To be repaid Within3Yrs | ||||||||||||||
| 37-48 Months (4 Years) | 30% | 44.50% | 45% | To be repaid Within4Yrs | ||||||||||||||
| 49 – 60 Months (5 Yrs) | 37.50% | 56.25% | 57% | To be repaid Within5Yrs | ||||||||||||||
| 61 – 72 Months (6 Yrs) | 47.50% | 69.75% | 69.75% | To be repaid Within6Yrs | ||||||||||||||
| 73 – 84 Months (7 Yrs) | 56.15% | 83% | 83% | To be repaid Within7Yrs | ||||||||||||||
| Semi-annually | up to 12 Months (1 Yrs) | 8.75% | 13% | 13.50% | To be repaid Within1Yr | |||||||||||||
| 13-24 Months (2 Years) | 15.50% | 23.15% | 23.50% | To be repaid Within2Yrs | ||||||||||||||
| 25-36 Months (3 Years) | 23% | 34.75% | 35.25% | To be repaid Within3Yrs | ||||||||||||||
| 37-48 Months (4 Years) | 31.50% | 46.50% | 47.25% | To be repaid Within4Yrs | ||||||||||||||
| 49 – 60 Months (5 Yrs) | 39% | 58.50% | 59.25% | To be repaid Within5Yrs | ||||||||||||||
| 61 – 72 Months (6 Yrs) | 49% | 72% | 72% | To be repaid Within6Yrs | ||||||||||||||
| 73 – 84 Months (7 Yrs) | 57.50% | 85% | 85% | To be repaid Within7Yrs | ||||||||||||||
| Annually | up to 12 Months (1 Yrs) | 11.50% | 17% | 17.75% | To be repaid Within1Yr | |||||||||||||
| 13-24 Months (2 Years) | 18.50% | 27.50% | 27.75% | To be repaid Within2Yrs | ||||||||||||||
| 25-36 Months (3 Years) | 26% | 39% | 39.50% | To be repaid Within3Yrs | ||||||||||||||
| 37-48 Months (4 Years) | 34.50% | 51% | 51.50% | To be repaid Within4Yrs | ||||||||||||||
| 49 – 60 Months (5 Yrs) | 42.15% | 62.50% | 63.50% | To be repaid Within5Yrs | ||||||||||||||
| 61 – 72 Months (6 Yrs) | 52.25% | 76% | 76% | To be repaid Within6Yrs | ||||||||||||||
| 73 – 84 Months (7 Yrs) | 60.75% | 89% | 89% | To be repaid Within7Yrs | ||||||||||||||
| Building Construction & Real state | Quarterly | up to 12 months (1 Yrs) | 7.25% | 11.15% | 11.50% | To be repaid Within1Yr | ||||||||||||
| 13-24 Months (2 Years) | 14% | 21.50% | 22% | To be repaid Within2Yrs | ||||||||||||||
| 25-36 Months (3 Years) | 21.50% | 32.50% | 33% | To be repaid Within3Yrs | ||||||||||||||
| 37-48 Months (4 Years) | 30% | 44.50% | 45% | To be repaid Within4Yrs | ||||||||||||||
| 49 – 60 Months (5 Yrs) | 37.50% | 56.25% | 57% | To be repaid Within5Yrs | ||||||||||||||
| 16 | 61 – 72 Months (6 Yrs) | 47.50% | 69.75% | 69.75% | To be repaid Within6Yrs | |||||||||||||
| 73 – 84 Months (7 Yrs) | 56.15% | 83% | 83% | To be repaid Within7Yrs | ||||||||||||||
| Semi-annually | up to 12 months (1 Yr) | 8.75% | 13.50% | 13.50% | To be repaid Within1Yr | |||||||||||||
| 13-24 Months (2 Years) | 15.50% | 23.50% | 24.15% | To be repaid Within2Yrs | ||||||||||||||
| 25-36 Months (3 Years) | 23% | 34.75% | 35.25% | To be repaid Within3Yrs | ||||||||||||||
| 37-48 Months (4 Years) | 31.50% | 46.50% | 47.25% | To be repaid Within4Yrs | ||||||||||||||
| 49 – 60 Months (5 Yrs) | 39% | 58.50% | 59.25% | To be repaid Within5Yrs | ||||||||||||||
| 61 – 72 Months (6 Yrs) | 49% | 72% | 72% | To be repaid Within6Yrs | ||||||||||||||
| 73 – 84 Months (7 Yrs) | 57.50% | 85% | 85% | To be repaid Within7Yrs | ||||||||||||||
| Annually | up to 12 months (1 Yr) | 11.50% | 17.50% | 18% | To be repaid Within1Yr | |||||||||||||
| 13-24 Months (2 Years) | 18.50% | 27.75% | 28.50% | To be repaid Within2Yrs | ||||||||||||||
| 25-36 Months (3 Years) | 26% | 39% | 39.50% | To be repaid Within3Yrs | ||||||||||||||
| 37-48 Months (4 Years) | 34.50% | 51% | 51.50% | To be repaid Within4Yrs | ||||||||||||||
| 49 – 60 Months (5 Yrs) | 42.15% | 76% | 76% | To be repaid Within5Yrs | ||||||||||||||
| 61 – 72 Months (6 Yrs) | 52.25% | 89% | 71.50% | To be repaid Within6Yrs | ||||||||||||||
| 73 – 84 Months (7 Yrs) | 60.75% | 83.50% | 89% | To be repaid Within7Yrs | ||||||||||||||
Agriculture and General Murabaha
| S/No. | Murabaha Financing Sectors | IFB Financing Profit rate, Corresponding with financing tenure & acceptable collateral type. | |||||||||||
| Applicable Effective 01 December, 2023 | |||||||||||||
| Financing Tenure (Durations) | Collateral type & Corresponding Profit Rate for IFB financings | ||||||||||||
| Bank Guarantees (local & Foreign) and | Buildings, Gov’t Bond, Mudarabah Investment & Share certificates, But only @ their face value | MV’s, Machinery, Flower and Coffee Farms | Corresponding Murabaha Tenure in specific year (s) &/or Remarks | ||||||||||
| Government Guarantees (Federal, Regional & City Administrations) | |||||||||||||
| 17 | 17.1. Agriculture | Quarter | up to 12 Months (1 Yr) | 7.25% | 9% | 9.50% | To be repaid Within1Yr | ||||||
| 17.2. Murabaha Financing for Small holder Farmers, Pastoralists and Agro-Pastoralists | 13-24 Months (2 Years) | 14% | 16.75% | 18% | To be repaid Within2 Yrs | ||||||||
| 25-36 Months (3 Years) | 21.50% | 25% | 27% | To be repaid Within3 Yrs | |||||||||
| Note: All terms and conditions stated in policy of Financial products and services for Small Holder Farmers, Pastoralists and Agro-Pastoralists shall be applicable provided that they are not against sharia principles used for IFB users. | 37-48 Months (4 Years) | 30% | 34.15% | 36.50% | To be repaid Within 4Y rs | ||||||||
| 49 – 60 Months (5 Yrs) | 37.50% | 43.15% | 46.50% | To be repaid Within5 Yrs | |||||||||
| 61 – 72 Months (6 Yrs) | 47.50% | 53.50% | 57.50% | To be repaid Within6Yr | |||||||||
| 73 – 84 Months (7 Yrs) | 56.15% | 63.25% | 68% | To be repaid Within7Yr | |||||||||
| Semi-annually | up to 12 Months (1 Yr) | 8.75% | 10.50% | 11.50% | To be repaid Within1Yr | ||||||||
| 13-24 Months (2 Years) | 15.50% | 18.50% | 19.75% | To be repaid Within2 Yrs | |||||||||
| 25-36 Months (3 Years) | 23% | 27% | 29% | To be repaid Within3 Yrs | |||||||||
| 37-48 Months (4 Years) | 31.50% | 36% | 38.50% | To be repaid Within4Y rs | |||||||||
| 49 – 60 Months (5 Yrs) | 39% | 45% | 48.25% | To be repaid Within 5Yrs | |||||||||
| 61 – 72 Months (6 Yrs) | 49% | 55.15% | 59.25% | To be repaid Within 6Yr | |||||||||
| 73 – 84 Months (7 Yrs) | 57.50% | 65% | 70% | To be repaid Within 7Yr | |||||||||
| Annually | up to 12 Months (1 Yr) | 11.50% | 14% | 15% | To be repaid Within 1Yr | ||||||||
| 13-24 Months (2 Years) | 18.50% | 22% | 23.50% | To be repaid Within 2Yrs | |||||||||
| 25-36 Months (3 Years) | 26% | 30.50% | 32.50% | To be repaid Within3 Yrs | |||||||||
| 37-48 Months (4 Years) | 34.50% | 39.50% | 42.25% | To be repaid Within 4Yrs | |||||||||
| 49 – 60 Months (5 Yrs) | 42.15% | 48.25% | 52% | To be repaid Within5 Yrs | |||||||||
| 61 – 72 Months (6 Yrs) | 52.25% | 58.50% | 63% | To be repaid Within 6Yr | |||||||||
| 73 – 84 Months (7 Yrs) | 60.75% | 68.25% | 73.50% | To be repaid Within 7Yr | |||||||||
| 18 | General Murabaha – Home financing (incl. Renovations and additional constructions) for any customer | Payable up to 20 years with applicable Interest rate for Conventional Banking customer is 19% | 32% | To be repaid Within 3 Yrs | |||||||||
| 55.50% | To be repaid Within 5 Yrs | ||||||||||||
| 83% | To be repaid Within 7 Yrs | ||||||||||||
| 125.25% | To be repaid Within 10 Yrs | ||||||||||||
| 155.50% | To be repaid Within 12 Yrs | ||||||||||||
| 203.75% | To be repaid Within 15 Yrs | ||||||||||||
| 254.50% | To be repaid Within 18 Yrs | ||||||||||||
| 289.50% | To be repaid Within 20 Yrs | ||||||||||||
| 19 | General Auto/Car Murabaha (for any customers). | up to 12 Months (1 Yr) | 11.50% | To be repaid Within 1Yr | |||||||||
| Note: Year of make shall be as per the choice of the customer, if she/he offered other collateral acceptable by the Bank. | 13-24 Months (2 Years) | 21.50% | To be repaid Within 2 Yr | ||||||||||
| 25-36 Months (3 Years) | 32.50% | To be repaid Within 3Yr | |||||||||||
| 37-48 Months (4 Years) | 44.50% | To be repaid Within 4Yr | |||||||||||
| 49 – 60 Months (5 Yrs) | 56.25% | To be repaid Within 5Yr | |||||||||||
| 61 – 72 Months (6 Yrs) | 69.75% | To be repaid Within 6Yr | |||||||||||
| 73 – 84 Months (7 Yrs) | 83% | To be repaid Within 7Yr | |||||||||||
| 20 | General Personal (Consumer) Murabaha Financing | up to 12 Months (1 Yr) | 6% | 11.25% | 11.50% | To be repaid Within 1Yr | |||||||
| 13-24 Months (2 Years) | 14% | 21.25% | 21.50% | To be repaid Within 2 Yr | |||||||||
| 25-36 Months (3 Years) | 21.50% | 31.50% | 32.50% | To be repaid Within 3Yr | |||||||||
| 37-48 months (4 years) | 32.50% | 44% | 44.50% | To be repaid Within4Yr | |||||||||
| 49-60 months (5 years) | 37.50% | 55.50% | 56.25% | To be repaid Within5Yr | |||||||||
Diaspora community and Foreign currency
| S/No. | Murabaha Financing Sectors | IFB Financing Profit rate, Corresponding with financing tenure & acceptable collateral type. | |||||||||||||||
| Applicable Effective 01 December, 2023 | |||||||||||||||||
| Financing Tenure (Durations) | Collateral type & Corresponding Profit Rate for IFB financings | ||||||||||||||||
| Bank Guarantees (local & Foreign) and | Buildings, Gov’t Bond, Mudarabah Investment & Share certificates, But only @ their face value | MV’s, Machinery, Flower and Coffee Farms | Corresponding Murabaha Tenure in specific year (s) &/or Remarks | ||||||||||||||
| Government Guarantees (Federal, Regional & City Administrations) | |||||||||||||||||
| 21 | 1.Murabaha Financing for the Diaspora community 2.Murabaha Financing for the Foreign currency earning employees | SENARIO 1 | SENARIO 2 | SENARIO 3 | |||||||||||||
| 21.1 | For purchase, construction, renovation or extension of residential unit/apartment or commercial building. | Equity contribution | Both Equity & repayment in FCY | Equity in FX & Loan repayment in Local currency | Loan (Financing) repayment tenure (period) | ||||||||||||
| To simultaneously purchase and improve/finish home/building. | (20-30%) up to 20 years | 14% | 21% | To be repaid Within 3 Yrs | |||||||||||||
| Finish construction of residential house/commercial building. | (monthly installment) | 24% | 36.50% | To be repaid Within 5 Yrs | |||||||||||||
| Refinancing of existing mortgage finance/buy-out of existing housing finance. | 34% | 53% | To be repaid Within 7 Yrs | ||||||||||||||
| 50% | 79% | To be repaid Within 10 Yrs | |||||||||||||||
| 62% | 98% | To be repaid Within 12 Yrs | |||||||||||||||
| 80% | 127.50% | To be repaid Within 15 Yrs | |||||||||||||||
| 92.50% | 148.50% | To be repaid Within 17 Yrs | |||||||||||||||
| 112% | 181% | To be repaid Within 20 Yrs | |||||||||||||||
| Equity contribution | 13% | 20.50% | To be repaid Within 3 Yrs | ||||||||||||||
| (31-40%) up to 20 years | 21.50% | 35% | To be repaid Within 5 Yrs | ||||||||||||||
| (monthly installment) | 31% | 50.50% | To be repaid Within 7 Yrs | ||||||||||||||
| 45.50% | 75.50% | To be repaid Within 10 Yrs | |||||||||||||||
| 56% | 93.50% | To be repaid Within 12 Yrs | |||||||||||||||
| 72% | 122% | To be repaid Within 15 Yrs | |||||||||||||||
| 83% | 141.50% | To be repaid Within 17 Yrs | |||||||||||||||
| 100.50% | 172.50% | To be repaid Within 20 Yrs | |||||||||||||||
| Equity contribution | 12% | 18.50% | To be repaid Within 3 Yrs | ||||||||||||||
| (41-50%) up to 20 years | 20% | 32% | To be repaid Within 5 Yrs | ||||||||||||||
| (monthly installment) | 29% | 46% | To be repaid Within 7 Yrs | ||||||||||||||
| 42.50% | 68.50% | To be repaid Within 10 Yrs | |||||||||||||||
| 52% | 85% | To be repaid Within 12 Yrs | |||||||||||||||
| 67% | 110% | To be repaid Within 15 Yrs | |||||||||||||||
| 77% | 128% | To be repaid Within 17 Yrs | |||||||||||||||
| 93% | 156% | To be repaid Within 20 Yrs | |||||||||||||||
| Equity contribution | 11.50% | 15% | To be repaid Within 3 Yrs | ||||||||||||||
| >50% up to 25 years | 19.50% | 26% | To be repaid Within 5 Yrs | ||||||||||||||
| (monthly installment) | 28% | 37% | To be repaid Within 7 Yrs | ||||||||||||||
| 41% | 55% | To be repaid Within 10 Yrs | |||||||||||||||
| 50% | 68% | To be repaid Within 12 Yrs | |||||||||||||||
| 64% | 88% | To be repaid Within 15 Yrs | |||||||||||||||
| 74% | 102% | To be repaid Within 17 Yrs | |||||||||||||||
| 89.50% | 123.50% | To be repaid Within 20 Yrs | |||||||||||||||
| 100.50% | 139% | To be repaid Within 22 Yrs | |||||||||||||||
| 117% | 162% | To be repaid Within 25 Yrs | |||||||||||||||
| 21.2 | – Purchase of brand new or used personal automobiles | Brand new Car up to 10 years (Equity contribution ≥20%) | 19.50% | 23% | To be repaid Within 3 Yrs | ||||||||||||
| – For buy-out of car finance from another bank or financial institution (personal auto) | 33.50% | 39.50% | To be repaid Within 5 Yrs | ||||||||||||||
| 48% | 57.50% | To be repaid Within 7 Yrs | |||||||||||||||
| 72% | 86% | To be repaid Within 10 Yrs | |||||||||||||||
| Used Car up 7 years (Equity contribution ≥30%) | 19.50% | 23% | To be repaid Within 3 Yrs | ||||||||||||||
| 33.50% | 39.50% | To be repaid Within 5 Yrs | |||||||||||||||
| 48% | 57.50% | To be repaid Within 7Yrs | |||||||||||||||
| -Purchase of brand new commercial-vehicle (code 03) like pick up, van etc. | Brand new ≥50% | 19.50% | 23% | To be repaid Within 3 Yrs | |||||||||||||
| 33.50% | 39.50% | To be repaid Within 5 Yrs | |||||||||||||||
| 21.3 | Murabaha for Personal use (Consumer) | Equity contribution … 10%-15% | Partial/full Rep. in LCY | Full Repayment in FCY | Murabaha Tenure | ||||||||||||
| -Can be for own and/or relatives living in Ethiopia | Up to 5 years | 23% | 19.50% | To be repaid Within 3 Yrs | |||||||||||||
| -For immediate medical, tuition fee, or livelihood needs, domestic or foreign travel, home improvements including the purchase of furniture and appliances; and other “big” ticket personal expenditure needs | 39.50% | 33.50% | To be repaid Within 5 Yrs | ||||||||||||||
| 21.4 | Investment Project Murabaha Financing | Nature of finance | Equity contribution | Both Equity &repay. in FCY | Equity in FX & rept in Local currency | Murabaha Tenure | |||||||||||
| -For expansion of existing business or new investment/projects in various sectors (manufacturing, hotel, real estate, etc.) | Working capital | N/A | 16% | As per relevant economic sector profit margin | To be repaid Within 3 Yrs | ||||||||||||
| Up to 5 years | 27.50% | As per relevant economic sector profit margin | To be repaid Within 5 Yrs | ||||||||||||||
| Project Finance | Starting from 30% | 16% | 22% | To be repaid Within 3 Yrs | |||||||||||||
| Up to 15 years depending the project cash flow | 27.50% | 38% | To be repaid Within 5 Yrs | ||||||||||||||
| 39.50% | 55% | To be repaid Within 7 Yrs | |||||||||||||||
| 58.50% | 82.50% | To be repaid Within 10 Yrs | |||||||||||||||
| 72% | 102.50% | To be repaid Within 12 Yrs | |||||||||||||||
| 93.50% | 133.50% | To be repaid Within 15 Yrs | |||||||||||||||
| Transport, construction machineries, Agricultural Equipment | 50% and above | 19.50% | 22% | To be repaid Within 3 Yrs | |||||||||||||
| Up to 5 years | 33.50% | 38% | To be repaid Within 5 Yrs | ||||||||||||||
Big Foreign and Local Currency
30 Million – 50 Million
| S/No. | Murabaha Financing Sectors | IFB Financing Profit rate, Corresponding with financing tenure & acceptable collateral type. | |||||||||||||||
| Applicable Effective 01 December, 2023 | |||||||||||||||||
| Financing Tenure (Durations) | Collateral type & Corresponding Profit Rate for IFB financings | ||||||||||||||||
| Bank Guarantees (local & Foreign) and | Buildings, Gov’t Bond, Mudarabah Investment & Share certificates, But only @ their face value | MV’s, Machinery, Flower and Coffee Farms | Corresponding Murabaha Tenure in specific year (s) &/or Remarks | ||||||||||||||
| Government Guarantees (Federal, Regional & City Administrations) | |||||||||||||||||
| IFB Financing to Employees of Big foreign currency providers (NGOs, Religious Institution & MNC…) | Murabaha-Home Financing | 11% | To be repaid Within 3 Yrs | ||||||||||||||
| (Equivalent to 7% in the convention Banking, except safari staff 6.5%) | 19% | To be repaid Within 5 Yrs | |||||||||||||||
| 31% | To be repaid Within 8 yrs | ||||||||||||||||
| Note: The collateral shall be the Asset to be purchased it self | 40% | To be repaid Within 10 Yrs | |||||||||||||||
| 48% | To be repaid Within 12 Yrs | ||||||||||||||||
| 22 | 62% | To be repaid Within 15 Yrs | |||||||||||||||
| 71% | To be repaid Within 17 Yrs | ||||||||||||||||
| 86% | To be repaid Within 20 Yrs | ||||||||||||||||
| 96% | To be repaid Within 22 Yrs | ||||||||||||||||
| 112% | To be repaid Within 25 Yrs | ||||||||||||||||
| Auto (Car) Murabaha Financing | 11% | To be repaid Within 3 Yrs | |||||||||||||||
| 19% | To be repaid Within 5 Yrs | ||||||||||||||||
| 27% | To be repaid Within 7 Yrs | ||||||||||||||||
| 39% | To be repaid Within 10 Yrs | ||||||||||||||||
| Utilities Murabaha (Consumer Loan): | 11% | To be repaid Within 3 Yrs | |||||||||||||||
| 19% | To be repaid Within 5 Yrs | ||||||||||||||||
| 23 | Expected Average Daily Deposit balance of the Company @ Awash Bank | ||||||||||||||||
| – Murabaha-Home Financing (up to 25 yrs) | >150 Million | 100 Million – 150 Million | 50 Million – 100 Million | Murabaha Tenure | |||||||||||||
| IFB Financing to Employees of Big local currency providers, employees of the Ride Hailing and Booking Transport Technology firms, MNC…. | 13% | 14.50% | 16% | 18% | To be repaid Within 3 Yrs | ||||||||||||
| – Auto (Car) Murabaha Financing (up to 10yrs) | 22% | 24.50% | 27.50% | 30.50% | To be repaid Within 5 Yrs | ||||||||||||
| 31% | 35% | 39.50% | 44% | To be repaid Within 7 Yrs | |||||||||||||
| Note: Notwithstanding its usual rights to demand additional collaterals, the Bank shall register the Asset purchased (Invested in) as its acceptable Collateral. | – Utilities Murabaha (Consumer Loan) for up to 5 years: | 46% | 52% | 59% | 65% | To be repaid Within 10 Yrs | |||||||||||
| 56% | 64% | 72% | 81% | To be repaid Within 12 Yrs | |||||||||||||
| 72% | 83% | 93% | 105% | To be repaid Within 15 Yrs | |||||||||||||
| 89% | 102% | 116% | 130% | To be repaid Within 18 Yrs | |||||||||||||
| 101% | 116% | 132% | 148% | To be repaid Within 20 Yrs | |||||||||||||
| 113% | 130% | 148% | 166% | To be repaid Within 22 Yrs | |||||||||||||
| 132% | 152% | 173% | 194% | To be repaid Within 25 Yrs | |||||||||||||
Murabaha Financings to any Foreign currency
| S/No. | Murabaha Financing Sectors | IFB Financing Profit rate, Corresponding with financing tenure & acceptable collateral type. | |||||||||||||||
| Applicable Effective 01 December, 2023 | |||||||||||||||||
| Financing Tenure (Durations) | Collateral type & Corresponding Profit Rate for IFB financings | ||||||||||||||||
| Bank Guarantees (local & Foreign) and | Buildings, Gov’t Bond, Mudarabah Investment & Share certificates, But only @ their face value | MV’s, Machinery, Flower and Coffee Farms | Corresponding Murabaha Tenure in specific year (s) &/or Remarks | ||||||||||||||
| Government Guarantees (Federal, Regional & City Administrations) | |||||||||||||||||
| 24 | Murabaha Financings to any Foreign currency providing body. | (This is any types of Murabaha financings described above whose repayment is expected to be effected only in foreign currency) | 19% | To be repaid Within 3 Yrs | |||||||||||||
| 32% | To be repaid Within 5 Yrs | ||||||||||||||||
| 45% | To be repaid Within 7 Yrs | ||||||||||||||||
| 67% | To be repaid Within 10 Yrs | ||||||||||||||||
Murabaha Financing to Awash Bank's own Employees
| S/No. | Murabaha Financing Sectors | IFB Financing Profit rate, Corresponding with financing tenure & acceptable collateral type. | ||||||||||||||
| Applicable Effective 01 December, 2023 | ||||||||||||||||
| Financing Tenure (Durations) | Collateral type & Corresponding Profit Rate for IFB financings | |||||||||||||||
| Bank Guarantees (local & Foreign) and | Buildings, Gov’t Bond, Mudarabah Investment & Share certificates, But only @ their face value | MV’s, Machinery, Flower and Coffee Farms | Corresponding Murabaha Tenure in specific year (s) &/or Remarks | |||||||||||||
| Government Guarantees (Federal, Regional & City Administrations) | ||||||||||||||||
| 25 | Murabaha Home Financing to Awash Bank’s own Employees; | Types of Financing | Equity contribution | Acceptable collateral type | Profit rate | Murabaha Tenure in years | ||||||||||
| 25.1 Murabaha Home Financing for the 1st time | 11% | To be repaid Within 3 Yrs | ||||||||||||||
| The IFB Profit rate herein is equivalent to the revised lending rate of 7% corresponding to similar loan facility in the Conventional Banking. | 29% | To be repaid Within 5 Yrs | ||||||||||||||
| 31% | To be repaid Within 7 Yrs | |||||||||||||||
| 40% | To be repaid Within 10 Yrs | |||||||||||||||
| The building itself | 48% | To be repaid Within 12 Yrs | ||||||||||||||
| 5% | 62% | To be repaid Within 15 Yrs | ||||||||||||||
| 71% | To be repaid Within 17 Yrs | |||||||||||||||
| 86% | To be repaid Within 20 Yrs | |||||||||||||||
| 96% | To be repaid Within 22 Yrs | |||||||||||||||
| 112% | To be repaid Within 25 Yrs | |||||||||||||||
| 25.2 Murabaha Home Financing for the 2nd time | 11% | To be repaid Within 3 Yrs | ||||||||||||||
| The IFB Profit rate herein is equivalent to the revised lending rate of 7% corresponding to similar loan facility in the Conventional Banking. | 29% | To be repaid Within 5 Yrs | ||||||||||||||
| Note: The time gap between the first and second Financing are two years. | 31% | To be repaid Within 7 Yrs | ||||||||||||||
| The building itself | 40% | To be repaid Within 10 Yrs | ||||||||||||||
| 5% | 48% | To be repaid Within 12 Yrs | ||||||||||||||
| 62% | To be repaid Within 15 Yrs | |||||||||||||||
| 71% | To be repaid Within 17 Yrs | |||||||||||||||
| 86% | To be repaid Within 20 Yrs | |||||||||||||||
| 96% | To be repaid Within 22 Yrs | |||||||||||||||
| 112% | To be repaid Within 25 Yrs | |||||||||||||||
| 25.3 The profit rate upon(after) the resignation of employees for Home Financing | 14.50% | To be repaid Within 3 Yrs | ||||||||||||||
| The IFB Profit rate herein is equivalent to the lending rate of 9% corresponding to similar loan facility in the Conventional Banking for those between 10-15 years of service. | 24.50% | To be repaid Within 5 Yrs | ||||||||||||||
| Note: Apply correspondent commercial profit rate for those below 10 years of services. | 35% | To be repaid Within 7 Yrs | ||||||||||||||
| 52% | To be repaid Within 10 Yrs | |||||||||||||||
| The building itself | 64% | To be repaid Within 12 Yrs | ||||||||||||||
| 82.50% | To be repaid Within 15 Yrs | |||||||||||||||
| 95.50% | To be repaid Within 17 Yrs | |||||||||||||||
| 116% | To be repaid Within 20 Yrs | |||||||||||||||
| 130% | To be repaid Within 22 Yrs | |||||||||||||||
| 152% | To be repaid Within 25 Yrs | |||||||||||||||
| 25.4 The profit rate on the death of an employee | Commercial profit rate if not covered by mortgage insurance | |||||||||||||||
| 26 | Murabaha Auto Financing to Awash Bank’s own Employees; | 26.1 Auto Murabaha Financing: | Up to 10 years, 10% equity contributions. | Up to 10 years against the vehicle as collateral. | 11% | To be repaid Within 3 Yrs | ||||||||||
| The IFB Profit rate herein is equivalent to the revised lending rate of 7% corresponding to similar loan facility in the Conventional Banking. | Between 10 and 15 years, 20% equity contributions. | Between 10 and 15 years acceptable collateral that can cover 60% of the Financing. | ||||||||||||||
| 19% | To be repaid Within 5 Yrs | |||||||||||||||
| 27% | To be repaid Within 7 Yrs | |||||||||||||||
| Note: | 39% | To be repaid Within 10 Yrs | ||||||||||||||
| · Financing frequency; Twice under similar condition and as long as the first Financing is settled. | 48% | To be repaid Within 12 Yrs | ||||||||||||||
| · Year of make of car are maximum of 15 years. | 62% | To be repaid Within 15 yrs | ||||||||||||||
| 26.2 The profit rate after the resignation of employees for Auto Murabaha Financing | Commercial profit rate | |||||||||||||||
| 26.3 The profit rate on the death of an employee for Auto Murabaha Financing | Contractual profit rate | |||||||||||||||
| 27 | Murabaha Personal consumer Financing to Awash Bank’s own Employees; | 27.1 Personal Consumer Financing: | 4% | 1 Year | ||||||||||||
| The IFB Profit rate herein is equivalent to the revised lending rate of 7% corresponding to similar loan facility in the Conventional Banking. | 7.50% | 2 Years | ||||||||||||||
| Note: | 11% | 3 Years | ||||||||||||||
| Financing frequency; No limit as long as the employee can. | None | 60% acceptable assets and personal guarantee. | 15% | 4 Years | ||||||||||||
| 19% | 5 Years | |||||||||||||||
| 27.2 The profit rate after the resignation of employees for personal consumer Murabaha Financing | Commercial profit rate | |||||||||||||||
| 27.3 The profit rate on the death of an employees for personal consumer Murabaha Financing | Contractual profit rate | |||||||||||||||
Qard
| S/No. | Murabaha Financing Sectors | IFB Financing Profit rate, Corresponding with financing tenure & acceptable collateral type. | |||||||||||||||
| Applicable Effective 01 December, 2023 | |||||||||||||||||
| Financing Tenure (Durations) | Collateral type & Corresponding Profit Rate for IFB financings | ||||||||||||||||
| Bank Guarantees (local & Foreign) and | Buildings, Gov’t Bond, Mudarabah Investment & Share certificates, But only @ their face value | MV’s, Machinery, Flower and Coffee Farms | Corresponding Murabaha Tenure in specific year (s) &/or Remarks | ||||||||||||||
| Government Guarantees (Federal, Regional & City Administrations) | |||||||||||||||||
| 28 | Emergency Staff Loan (Qard-ul-Hassan of six months’ Salary advance) | For free | To be repaid within three years | ||||||||||||||
| 29 | Qard (Loans) for Overseas Employment Agencies to be repaid within | 4%Kafalah fee shall be applied on any outstanding balance at the beginning of every year. Besides, ETB 7,500 shall be collected upfront while disbursing the loan to customer’s blocked account. | |||||||||||||||
| Max. Four years | |||||||||||||||||
| 30 | Overseas Employment Agencies Murabaha Financing | up to 12 Months (1 Yr) | 7% | To be repaid Within 1Yr | |||||||||||||
| 13-24 Months (2 Years) | 13% | To be repaid Within 2Yrs | |||||||||||||||
| 25-36 Months (3 Years) | 19% | To be repaid Within3 Yrs | |||||||||||||||
| 37-48 Months (4 Years) | 25% | To be repaid Within 4Yrs | |||||||||||||||
Charges and Fees related to credit processing
Collateral Management Fee
| Description | Fees and Charge | Rules of application | ||
| 1.1. Collateral substitution fee per collateral | 5,000.00 | Upon substituting of the collateral | ||
| 1.2. Collateral release fee per collateral | 5,000.00 | Upon release of the collateral | ||
| 1.3. Any amendments related to collateral per amendment | 3,500.00 | Upon amendment of the collateral | ||
| 1.4. Allowing registration of collaterals on Second degree by other bank’s (per each collateral) | 15,000.00 | Upon credit committee approval | ||
| 1.5. Appeal on collateral estimation excluding employees of NGO and Public and Government Institutions | 3,500.00 | Before effecting the re- estimation or revaluation |
Movable collateral management fee
| Description | Fees and Charge | Rules of application | ||
| 2.1. Motor vehicles, construction machinery and equipment’s | 1,000/booklet | Upon new credit request approval | ||
| 2.2. Factory machinery | 5,000/plant | Upon new credit request approval | ||
| 2.3. Movable collateral: registration initial notice/registration per collateral (Max 10Yrs) | 500 | Upon receiving registration request on the NBE system | ||
| 2.4. Movable collateral: notice/registration per collateral extending initial | 200 | Upon receiving registration request on the NBE system | ||
| 2.5. Movable collateral: search with signed certificate per collateral (Up on customer requires) | 200 | Upon collateral search request | ||
| 2.6. Movable collateral: search with-out signed certificate per collateral (Up on customer request) | 100 | Upon collateral search request | ||
| 2.7. Movable collateral: Full and Partial cancellation of registration per collateral | 200 | Upon collateral search request |
Credit processing fees
| Description | Fees and Charge | Rules of application | ||
| 3.1. For new credit facility approval | 0.25% | Upon loan disbursement | ||
| 3.2. For renewal of existing limit facility within the due date time | 0.035% of the limit | Upon renewal | ||
| 3.3. Renewal of limit facilities due but less one month from expiry date | 0.035% (minimum Birr 5,000) | Upon renewal | ||
| 3.4. Renewal of Limit facilities due but greater than one month from expiry date | 0.05% (minimum Birr 5,000) | Upon renewal | ||
| 3.5. Short term overdrawal | 0.025% (minimum Birr 10,000) | Upon allowing the overdrawal. The charge shall be calculated on the overdrawn amount. | ||
| 3.6. Temporary term loans, OD and other advances extension fee (First Time) except guarantee | 0.1% (minimum Birr 20,000) | Before setting the limit on the Core Banking System. | ||
| 3.7. Temporary term loans, OD and other advances extension fee (Second Time) except guarantee | 0.2% (minimum Birr 50,000) | Before setting the limit on the Core Banking System. | ||
| 3.8. Temporary term loans, OD and other advances extension fee (Third Time and then after as per NBE Directive) except guarantee | 0.3% (minimum Birr 100,000) | Before setting the limit on the Core Banking System. | ||
| 3.9. Temporary term loans, OD and other advances extension fee from expiry date due over one month | 20,000.00 | Before setting the limit on the Core Banking System. | ||
| 3.10. Revolving Merchandise Loan not showing Zero balance and/or its annual turnover below two within a year during the review period | 20,000.00 | Before setting the limit on the Core Banking System. | ||
| 3.11. Confirmation fees for guarantees issued | 500 | Upon confirming the request | ||
| 3.12. Preshipment facility conversion to term loan fee per loan account | 0.25% (Minimum Birr 10,000) | Before converting the facility on the Core Banking System | ||
| 3.13. Fees for issuance of any letter of undertaking/commitment in respect of loans approved, balance disclosure and any other letters relating to loans and advances. | 500 | Upon issuance of the letter | ||
| 3.14. Loan approved based on CCR | 2000 | Upon loan disbursement |
Renegotiation of credit facility Charges
| Description | Fees and Charge | Rules of application |
| 4.1. Wavier of repayment per waiver of installment | 0.1% of the installment amount (minimum 2,500) | Before implementing the credit decision |
| 4.2. Rescheduling per loan account | 0.05% of the outstanding balance (minimum Birr 2,500) | Before implementing the credit decision |
| 4.3. Amendment of Repayment | 3,000.00 | Before implementing the credit decision |
| 4.4. Transfer of Loan File (Excluding staff) | 3,000.00 | Before implementing the credit decision |
| 4.5. Guarantee extension/ amendment fee | 2,000.00 | The charge shall be collected in addition to the guarantee. extension commission upon extension |
| 4.6. Guarantee conversion to a term loan | 0.25% of the amount to be converted (minimum Birr 5,000) | Before implementing the credit decision |
| 4.7. Credit approval confirmation fee (excluding Guarantee) | 10,000.00 | Upon disbursement |
| 4.8. Late payment (over 30 days, but less than 90 days) | 2% per month on the installment amount (minimum Birr 1,000) | To be collected together with repayment |
| 4.9. OD and Merchandise facility converted to term loan | 0.25% of the amount to be converted (minimum 10,000) | Before converting the facility on the Core Banking System. |
Grace period fee
| Description | Fees and Charge | Rules of application | ||
| 5.1. Additional grace period on project loans | 0.05% of the approved loan (minimum Birr 25,000) | Before implementing the credit decision | ||
| 5.2. Waiver of Interest payment on project term loans during the grace period (See Note 3) | 3% commission income to be collected on quarterly basis on the accumulated accrued interest during the grace period and any interest amount kept under MIΑΑ until unpaid interest amount is fully settled | Applied every quarter | ||
| 5.3. Loan re-approval fee | 10,000.00 | Before loan disbursement | ||
| 5.4. Cancellation/suspension of foreclosure decision | 0.01% of the total outstanding balance of NPL accounts at the time of foreclosure decision (Minimum 5,000) | Immediately after the decision passed | ||
| 5.5. Appeal processing fee | 2,500.00 | Before processing the request | ||
| 5.6. Insurance Premium Payment Charge | 10.5% of the insurance premium (minimum Birt 3,000) | As soon as sufficient balance is found on the borrower account |
Merchandise Loan Handling Charge
| Description | Fees and Charge | Rules of application | ||
| 6.1. Each time a merchandise is pledged/released. | 5,000.00 | Upon release or pledge of merchandise stock. | ||
| 6.2. Credit Information Inquiry/per enquiry | Birr 500 if the requested loan amount ≤ 100,000, Birr 1,500 if < 1,000,000 and Birr 2,500 if more than Birr 1,000,000 as per inter office memo of Chief Credit Operation dated | Before inquiring credit information. |
Terms and Tariff Guideline on Guarantee Facilities
Terms and Tariff Guideline on Guarantee Facilities
| Type of Guarantee | Amount | Collateral Type and Value, and Guarantee Commission Rate | |||
| 100% cash blocked/foreign and local bank guarantee | Fully Covered with building and other acceptable collaterals | Partially Clean (more than or equal to 50% collateral coverage) | Clean | ||
| Bid Bond Guarantee | Any Amount | 0.15% | 0.5% | 0.87% | 1.25% |
| Advance Payment Guarantee | Up to Birr 20m | 0.15% | 0.90% | 1.07% | 1.25% |
| Above Birr 20m | 0.115% | 0.80% | 1.03% | 1.25% | |
| Performance Bond Guarantee/ | Up to Birr 20m | 0.15% | 0.75% | 1% | 1.25% |
| Supplier Credit Guarantee | Above Birr 20m | 0.115% | 0.65% | 0.95% | 1.25% |
| Retention | Up to Birr 20m | 0.15% | 0.80% | 1.02% | 1.25% |
| Above Birr 20m | 0.115% | 0.75% | 1% | 1.25% | |
| Custom Bond Guarantee | Up to Birr 10m | 0.15% | 0.50% | 0.87% | 1.25% |
| Above Birr 10m | 0.115% | 0.50% | 0.87% | 1.25% | |
Consumer Loan: NGO, Religious Institutions, International Agencies and Embassies Staff
| S/N | Type of Loan Facility | Purpose of the Loan | Tenure of the Loan | Loan Interest Rate | Equity Contribution (If Any) | Remark |
| 1 | Housing Loan | Construction/Renovation Loan for Organization Staff | Long term | 7% | 5% | The building under construction should be at a minimum of 30% complete. |
| Construction/Renovation Loan for Organization | up to 10 Yrs | 13% | As per credit Policy | If the Institution fulfills the criteria specified in the Religious Institutions’ policy and procedure. | ||
| Mixed use Building for Religious Institutions | 13% | |||||
| 2 | Acquisition of Residential Building for Organization Staff | Long term | 7% | 5% | ||
| 3 | Automobile Loan | Purchasing of New Vehicle for Organization Staff | Long term | 7% | 7% | |
| 4 | Purchasing of Used Vehicle Organization Staff | Long term | 7% | 15% | ||
| 5 | Personal Loan | Medical/household materials purchase, etc | Medium term | 7% | _ |
Awash Lehulu Interest Rate
| Duration | Amount Range (ETB) | Application Fee | Interest (Daily Rate) | Penalty After Due Date |
| 1 day | 100-3,000 | 1.25% | 0% | 2% |
| 1 week | 300-1,000 | 1.25% | 0.60% | 0.50% |
| 1,001-3,000 | 1.25% | 0.50% | 0.50% | |
| 3,001-6,000 | 1.25% | 0.45% | 0.50% | |
| 2 weeks | 300-3,000 | 2.50% | 0.50% | 0.50% |
| 3,001-6,000 | 2.50% | 0.45% | 0.50% | |
| 6,001-8,000 | 2.50% | 0.30% | 0.50% | |
| 1 month | 300-3,000 | 3.00% | 0.60% | 0.75% |
| 3,001-6,000 | 3.00% | 0.50% | 0.75% | |
| 6,001-10,000 | 3.00% | 0.45% | 0.75% | |
| 2 months | 1000-5,000 | 4.00% | 0.60% | 0.75% |
| 5,001-10,000 | 4.00% | 0.50% | 0.75% | |
| 10,001-15,000 | 4.00% | 0.45% | 0.75% | |
| 3 months | 300-5,000 | 5.00% | 0.60% | 0.75% |
| 5,001-10,000 | 5.00% | 0.50% | 0.75% | |
| 10,001-20,000 | 5.00% | 0.45% | 0.75% |
Domestic trade and service
| S.N | Purpose of the Loan | Tenure of the Loan | Loan Interest Rate | Equity Contribution (If Any) | Remark |
| 1 | Domestic trade and service -Over Draft | 1 Year | 11% – 18.5% | The applicable rate depending on the collateral type provided | |
| 2 | Domestic trade and service -Term loan | 1 Year | 11.5% – 17.75% | The applicable rate depending on the collateral type provided | |
| 3 | Domestic trade and service -Term loan | 2 Years | 12% – 18% | The applicable rate depending on the collateral type provided | |
| 4 | Domestic trade and service -Term loan | 3 Yeas | 12.5% – 18.75% | The applicable rate depending on the collateral type provided | |
| 5 | Domestic trade and service -Term loan | 4 Years | 13% – 19% | The applicable rate depending on the collateral type provided | |
| 6 | Domestic trade and service -Term loan | 5 Years | 13% – 19% | The applicable rate depending on the collateral type provided | |
| 7 | Domestic trade and service -Term loan | Over 5 Years | 13.5% – 19% | The applicable rate depending on the collateral type provided |
Advance on export
| S.N | Purpose of the Loan | Tenure of the Loan | Loan Interest Rate | Equity Contribution (If Any) | Remark |
| 1 | Advance on export – Coffee | 1 Year | 13% | ||
| 2 | Advance on export – Non -Coffee | 1 Year | 13.50% |
Export term loan
| S.N | Purpose of the Loan | Tenure of the Loan | Loan Interest Rate | Equity Contribution (If Any) | Remark |
| 1 | Export OD | 1 Year | 11% – 18.5% | The applicable rate depending on the collateral type provided | |
| 2 | Export term loan | 1 Year | 11.5% – 17.75% | The applicable rate depending on the collateral type provided | |
| 3 | Export term loan | 2 Years | 12% – 18% | The applicable rate depending on the collateral type provided | |
| 4 | Export term loan | 3 Years | 12.5% – 18.75% | The applicable rate depending on the collateral type provided | |
| 5 | Export term loan | 4 Years | 13% – 18.75% | The applicable rate depending on the collateral type provided | |
| 6 | Export term loan | 5 Years | 13% – 18.75% | The applicable rate depending on the collateral type provided | |
| 7 | Export term loan | Over 5 Years | 13.5% – 19% | The applicable rate depending on the collateral type provided |
Import Term loan
| S.N | Purpose of the Loan | Tenure of the Loan | Loan Interest Rate | Equity Contribution (If Any) | Remark |
| 1 | Import OD | 1 Year | 11% – 18.5% | The applicable rate depending on the collateral type provided | |
| 2 | Import Term loan | 1 Year | 11.5% – 17.75% | The applicable rate depending on the collateral type provided | |
| 3 | Import Term loan | 2 Years | 12% – 18% | The applicable rate depending on the collateral type provided | |
| 4 | Import Term loan | 3 Years | 12.5% – 18.75% | The applicable rate depending on the collateral type provided | |
| 5 | Import Term loan | 4 Years | 13% – 19% | The applicable rate depending on the collateral type provided | |
| 6 | Import Term loan | 5 Years | 13% – 19% | The applicable rate depending on the collateral type provided | |
| 7 | Import Term loan | Over 5 Years | 13.5% – 19% | The applicable rate depending on the collateral type provided |
Manufacturing Term loan
| S.N | Purpose of the Loan | Tenure of the Loan | Loan Interest Rate | Equity Contribution (If Any) | Remark |
| 1 | Manufacturing OD | 1 Year | 11% – 17.5% | The applicable rate depending on the collateral type provided | |
| 2 | Manufacturing Term loan | 1 Year | 11.5%- 16% | The applicable rate depending on the collateral type provided | |
| 3 | Manufacturing Term loan | 2 Years | 12% – 16.5% | The applicable rate depending on the collateral type provided | |
| 4 | Manufacturing Term loan | 3 Years | 12.5% – 17% | The applicable rate depending on the collateral type provided | |
| 5 | Manufacturing Term loan | 4 Years | 13% – 17.5% | The applicable rate depending on the collateral type provided | |
| 6 | Manufacturing Term loan | 5 Years | 13% – 17.5% | The applicable rate depending on the collateral type provided | |
| 6 | Manufacturing Term loan | Over 5 Years | 13.5% – 18% | The applicable rate depending on the collateral type provided |
Agricultural Term loan
| S.N | Purpose of the Loan | Tenure of the Loan | Loan Interest Rate | Equity Contribution (If Any) | Remark |
| 1 | Agricultural OD | 1 Year | 11% – 17% | The applicable rate depending on the collateral type provided | |
| 2 | Agricultural Term loan | 1 Year | 11.5% – 15% | The applicable rate depending on the collateral type provided | |
| 3 | Agricultural Term loan | 2 Years | 12% – 15.25% | The applicable rate depending on the collateral type provided | |
| 4 | Agricultural Term loan | 3 Years | 12.5% – 15.5% | The applicable rate depending on the collateral type provided | |
| 5 | Agricultural Term loan | 4 Years | 13% – 15.75% | The applicable rate depending on the collateral type provided | |
| 6 | Agricultural Term loan | 5 Years | 13% – 15.75% | The applicable rate depending on the collateral type provided | |
| 7 | Agricultural Term loan | Over 5 Years | 13.5% – 16% | The applicable rate depending on the collateral type provided |
Bank Guarantee
| S.N | Service Name | Description | Applicable Tariff/Term | Remark |
| 1 | Bank Guarantee | Bid bond Guarantee | 0.15% -1.25% per quarter | The applicable rate depending the amount of guarentee and collateral type |
| 2 | Bank Guarantee | Performance guarantee | 0.115% – 1.25% per quarter | The applicable rate depending the amount of guarentee and collateral type |
| 3 | Bank Guarantee | Advance payment guarantee | 0.115% – 1.25% per quarter | The applicable rate depending the amount of guarentee and collateral type |
| 4 | Bank Guarantee | Customs bond guarantee | 0.115% – 1.25% per quarter | The applicable rate depending the amount of guarentee and collateral type |
| 5 | Bank Guarantee | Supplier cr guarantee | 0.115% – 1.25% per quarter | The applicable rate depending the amount of guarentee and collateral type |
Residential Home/Commercial Building Loan
| Purpose of the loan | Equity Contribution | Tenure of the Loans | Lending Interest Rate (Equity Contribution and Repayment in Foreign Currency) | Lending Interest Rate (Equity Contribution in Foreign Currency and Repayment in Local Currency) |
| • Purchase, Construction, Renovation or Extension of a Residential unit /Apartment or Commercial Building | >20% – 30% | Up to 20 years | Saving Interest Rate + 1.75% | Saving Interest Rate + 6% |
| • To simultaneously purchase and improve/finish a home/building. | >30% – 40% | Up to 20 years | Saving Interest Rate + 1% | Saving Interest Rate + 5.5% |
| • Finish construction of residential house/commercial building | >40% – 50% | Up to 20 years | Saving Interest Rate + 0.5% | Saving Interest Rate + 4.5% |
| • Refinancing of existing mortgage loan/ Buy-out of existing housing loan | > 50% | Up to 25 years | Saving Interest Rate + 0.25% | Saving Interest Rate + 2.5% |
Car/Auto Loan
| Purpose of the Loan | Equity Contribution | Tenure of the Loan | Lending Interest Rate (Equity Contribution and Repayment in Foreign Currency) | Lending Interest Rate (Equity Contribution in Foreign Currency and Repayment in Local Currency) |
| Purchase of a brand new or used Personal Automobiles. | Brand New Car: >= 20% | 10 years | Saving Interest Rate + 5% | Saving Interest Rate + 7% |
| •For buy-out of a Car Loan from another bank or financial institution (personal Auto) | Used Car: >= 30% | 7 years | Saving Interest Rate + 5% | Saving Interest Rate + 7% |
| • Purchase of Brand New Commercial – Vehicle (Code 03), like pick up, van etc. | >= 50% | 5 years | Saving Interest Rate + 5% | Saving Interest Rate + 7% |
Personal Consumer Loan
| Purpose of the Loan | Equity Contribution | Tenure of the Loan | Lending Interest Rate (Partial or Full Repayment in Local Currency) | Lending Interest Rate (Full Repayment in Foreign Currency) |
| 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 Interest Rate + 7% | Saving Interest Rate + 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. | ||||
Investment Financing
| Purpose of the Loan | Nature of the Loan | Equity Contribution | Tenure of the Loan | Lending Interest Rate (Both Equity and Loan Repayment in Foreign Currency) | Lending Interest Rate (Both Equity and Loan Repayment in Local Currency) |
| For expansion of existing business or new investments/projects in various sectors (Manufacturing, Hotel, Real-Estates, etc.) | Project Financing | Staring from 30% | Up to 15 Years depending on the project cash flow | Saving Interest Rate + 3% | Saving Interest Rate + 6.5% |
| Transport, Construction machineries, Agricultural Equipment | >= 50% | Up to 5 Years | Saving Interest Rate + 5% | Saving Interest Rate + 6.5% | |
| N.B. Grace period shall be considered depending on the nature of the project. | |||||
| If equity contribution is in local currency, project loans shall be treated in the same way as the mortgage loan | |||||
Institutional Banking Term and tarriff
| S/N | Service Name | Description | Applicable Tariff/Term | Remark |
| 1 | Estimation Fee for House | 1,200 ETB+100 Birr per floor | Must be Paid | |
| 2 | Construction Loan Fee(Unfinshied House) | 1,700 ETB | Must be Paid | |
| 3 | Estimation fee for used car | 3,000 ETB | Must be Paid | |
| 4 | CRB Fee(credit Information per person) | 2,500 ETB | Must be Paid | |
| 5 | Movable collateral registration Fee | 1,500 ETB | Must be Paid | |
| 6 | Stamp Duty | 1% Of approved loan amount | Must be Paid | |
| 7 | Loan Processing Fee | 0.25% of approved loan amount | Must be Paid | |
| 8 | Early Settlement Fee | waived | waived | |
| 9 | Late Payment Fee | 2% of repayment amount | Must be Paid | |
| 10 | Credit approval confirmation fee | According to Inter-memo dated December 25, 2021G.c. | it can be waived only in response to their requests and case – by – case basis, after analyzing the level of the NGO’s relationships with the Bank, in terms of their foreign currency generation performances according to Inter-memo dated December 25, 2021G.c. | |
| 11 | Collateral amendment feе | According to Inter-memo dated December 25, 2021G.c. | 3,500.00 | it can be waived only in response to their requests and case – by – case basis, after analyzing the level of the NGO’s relationships with the Bank, in terms of their foreign currency generation performances |
| 12 | Collateral substitution fee | According to Inter-memo dated December 25, 2021G.c. | 5,000.00 | it can be waived only in response to their requests and case – by – case basis, after analyzing the level of the NGO’s relationships with the Bank, in terms of their foreign currency generation performances |
| 13 | Rescheduling fee | According to Inter-memo dated December 25, 2021G.c. | it can be waived only in response to their requests and case – by – case basis, after analyzing the level of the NGO’s relationships with the Bank, in terms of their foreign currency generation performances | |
| 15 | Amendment of repayment fee | According to Inter-memo dated December 25, 2021G.c. | 3,000.00 | it can be waived only in response to their requests and case – by – case basis, after analyzing the level of the NGO’s relationships with the Bank, in terms of their foreign currency generation performances |
| 16 | Collateral release fee | According to Inter-memo dated December 25, 2021G.c. | 5,000.00 | it can be waived only in response to their requests and case – by – case basis, after analyzing the level of the NGO’s relationships with the Bank, in terms of their foreign currency generation performances |
Housing / Automobile / Personal Loan
| S/N | Purpose of the Loan | Tenure of the Loan | Loan Interest Rate | Equity Contribution (If Any) | Other fees and costs, if any | Remark |
| 1 | For purchase and construction of residential building | For 25 years (Long term loan) | 7% | 5% | please refer the terms and tarrifs | Housing Loan |
| 2 | For purchase of automobile(brand new) And Used, with year of make less than or equal to 15 years. | For 10 years(for New), For 15 years (For used) | 7% | For new vehicles-7%, For used vehicle -15% | please refer the terms and tarrifs | Automobile Loan |
| 3 | For purchase of household furniture, to cover medical expenses, tuition fees, and any other personal obligations | For 5 years | 7% | Not required | please refer the terms and tarrifs | Personal loan |
