KWIK LOAN FINANCERWANDA

Loans with the full cost shown before you sign.

KWIK LOAN FINANCE lends to businesses and families in Rwanda for 1 to 6 months. Work out your repayments here, then talk to us.

How to apply Contact us
  • Interest is a flat 5% a month on the amount you borrow.
  • Fees are 3%, shown separately.
  • Your agreement is written in Kinyarwanda or English.

Loan calculator

The most you can borrow depends on your security and our approval.
You pay each month383,333RWF
Amount borrowed
Interest (5% a month, flat)
Loan plus interest to repay
Fees (3%, paid once)
You receive if fees are deducted at disbursement

This is an estimate. Your agreement shows the exact amounts and dates. Fees can be paid upfront, deducted when the loan is paid out, or added to your first payment.

Loans we offer

Choose by what you need the money for. The cost is the same for every loan.

Every loan: 1 to 6 months, 5% interest a month on the amount borrowed (flat), and 3% fees.Fees are 1% application, 1% processing and 1% administration.

For individuals

Salary loans
Quick loans for salaried employees, repaid on your payroll cycle.
Emergency loans
Short loans for sudden costs such as medical bills or urgent repairs.
Women and youth loans
For women entrepreneurs and young people starting out.

For businesses

Microloans for SMEs and startups
Small short-term loans with flexible repayment, for businesses that struggle to meet bank requirements.
Daily repayment loans
For shops, vendors, restaurants and bars: repay in small daily amounts that match your sales.
Asset-based loans
Use equipment, vehicles or stock as security instead of land.
Contract financing
Capital up front for businesses that have won a contract and need funds to deliver it.
Invoice financing
Cash against unpaid invoices, so you do not wait for clients to pay.

For farming and green projects

Agriculture loans
Repayment schedules that follow the farming season.
Green financing
Loans for renewable energy, waste management and environmental projects.

If a payment is late

You get 3 days after the due date with no charge. From day 4, a fine of 0.5% a day applies to the unpaid part of that installment only. It does not compound, and it stops when you pay. This is written in your agreement.

Due datePay on or before this day.
Days 1 to 3Grace period. No fine.
Day 4 onward0.5% a day on the unpaid part.

Example: an installment of 400,000 RWF is unpaid and you pay on day 10. The fine covers 7 days (day 4 to day 10): 7 × 0.5% = 3.5% of 400,000 RWF = 14,000 RWF.

  • We send an SMS reminder 3 days before each due date.
  • If you think you cannot pay on time, contact us before the due date.

How to apply

  1. Contact us

    Tell us what you need the loan for and how much. Write, call or visit our office.

  2. Bring your documents

    National ID, proof that you own what you offer as security, and details of your business or income.

  3. We check and decide

    We verify your documents and your record with the credit reference bureau, then give you an answer.

  4. Sign and receive funds

    You get your agreement in Kinyarwanda or English, with every amount and date written down. After signing, the loan is paid out.

Who we are

KWIK LOAN FINANCE Ltd is a non-deposit-taking lender registered with the Rwanda Development Board. We lend to people and businesses that find it hard to meet the requirements of banks. We do not take deposits.

Registered with
Rwanda Development Board
Registration number
156147365
Type
Non-deposit-taking lender
Office
Remera, Gasabo, Kigali

Contact

Email
info@kwiklf.rw