Rawbank Express credit

Rawbank is a leading commercial bank in the Democratic Republic of the Congo, offering personalized services to help customers better manage their finances and achieve their projects. We are here to assist you in finding the most suitable financing solution for your needs.

Indeed, if you are looking for a fast way to obtain financing, applying for an express credit is the perfect solution to meet these immediate needs. This type of loan is increasingly popular in the DRC, particularly due to its simplicity and speed. Express credit can be used to pay for daily expenses, bills, car repairs, medical expenses, or even to finance short-term projects such as a trip. However, the eligibility criteria for express credit vary from one lender to another. To be eligible for Rawbank's express credit, you must be aged 25 to 60 years (60 to 65 years in the case of Seniors), be employed by a company approved by Rawbank, have a minimum salary of 150 USD, have a work contract with a minimum of 1 year's tenure, be a holder of a VISA CDF or USD card, and have subscribed to the SMS Alert service.

Interest rates and fees associated with express loans

The amounts offered by Rawbank for express credits range from 450 USD to 30,000 USD, but this can depend on the borrower's repayment capacity. The repayment periods can be up to 60 months (according to the employer's credit approval). It is important to note that the interest rates and fees associated with express credits can be higher than for other types of loans. This is due to the higher risk incurred by the bank when granting express credit, as there is less time to assess the borrower's repayment capacity. At Rawbank, the monthly interest rate is negotiated according to the employer's profile with a monthly installment amount not exceeding 35% of the net monthly salary. It is a fixed-term advance (ATF), with a credit amount not exceeding 15 months of net salary.

Solvency criteria

Rawbank offers express credit applications online, which are processed automatically and without solvency verification. The necessary documents are generally limited to proof of income and an ID. However, it is important to fully understand the eligibility criteria and repayment conditions before submitting an express credit application.

For this, some banks provide businesses with a comprehensive comparison tool for online banking services, to help you find the best market offers. Moreover, with an application and processing of express credit fully automated, you can obtain the necessary funds without solvency verification. This makes it an ideal option for those whose credit file is considered more complex to finance.

Different credit options available 

It is important to carefully evaluate the different express credit options available before making a choice. Criteria to consider include interest rate, associated fees, repayment duration, the amount granted, as well as the reputation and history of the lender. It is also important to take into account your own financial situation and needs before making your choice.

In summary, express credit can be an interesting option to meet urgent financial needs. However, it is important to understand the loan conditions before committing, to avoid financial pitfalls. It is also important to assess your repayment capacity before subscribing to express credit. Indeed, although this type of credit is quick and easy to obtain, it can quickly become costly if repayment is not made within the stipulated timeframes.

If you have any questions or concerns, do not hesitate to contact us. Rawbank is here to help you find the best solution for your urgent financial needs.