Loan Information

Documentary Requirements for Diaspora loan application

1.The applicant should stay in the abroad at least one year.
2. Residence and/or work permit.
3.Renewed Passport for non-resident Ethiopians.
4. Renewed Passport and yellow card for foreign nationals of Ethiopian origin.
5. Marriage certificate or otherwise.
6. If the applicant is employed.
7. Employment letter showing annual gross and net income from their employers or Individual tax return.

Calculate Your Loan Capacity

The maximum repayment an individual borrower can make as indicated by law is 1/3 of his or her total earnings ( In rare cases a bank might be willing to take risks and go beyond maximum capacity. Therefore, a individual borrowers loan capacity is estimated based on monthly / quarterly / annual earnings. In the case of corporate clients, banks criteria might vary...