Loan Requirements & Collateral Criteria
Transparent lending criteria designed to ensure fast, responsible, and secure credit delivery within 24 hours.
Why Collateral is Required for All Loan Products
At SAWA CREDIT LIMITED, we are committed to offering the most affordable interest rates (8% reducing balance) and guaranteeing our 24-hour turnaround. To maintain this speed and safeguard our clients without complicated bureaucracy, collateral or a security guarantee is required for all loans—including individual, school, emergency, group, construction, and business loans.
What Can Be Used as Collateral?
We accept flexible, verifiable movable and immovable assets in Rwanda.
House (Residential & Commercial)
Registered residential homes, commercial buildings, rental properties, and verifiable ownership title deeds.
Car & Automobile (Yellow Card)
Original Yellow Card / Logbook (Carte Jaune) for private cars, pickup trucks, and commercial vehicles registered with RRA (Note: Motorcycles are not accepted).
Farm & Agricultural Land
Registered agricultural land, farm plots, plantation titles, and verifiable rural land assets across Rwanda.
Plot & Land Titles (UPI)
Registered residential / commercial plots with a valid UPI certificate from the Rwanda Land Management and Use Authority.
Required Documents for Application
Ensure you have the following ready to complete your 24-hour loan approval.
1. Identification & Proof of Activity
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✓
National ID / Passport: Valid Rwandan National ID card (Indangamuntu) or valid foreign passport.
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✓
Proof of Activity / Income: Bank statement (3-6 months), MoMoPay / MTN statement, or payslip.
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✓
Business Registration (if applicable): RDB Certificate / TIN certificate for registered businesses.
2. Collateral Documentation
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✓
Asset Proof: Original logbook, land title, purchase receipts, or evaluation report.
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✓
Physical Inspection: Quick physical or document verification conducted by our loan officer.
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✓
Signed Agreement: Formal, transparent credit agreement with clear 8% rate schedule.
From Application to Cash in 24 Hours
Experience seamless, straightforward financing without delays.
Apply Online or at Office
Submit your details, requested loan amount, and collateral information online or at Ingezi House, 1st Floor, Office No.3.
24-Hour Verification
Our credit committee assesses your documentation and collateral rapidly, confirming terms and 8% interest rate.
Contract & Disbursement
Sign your agreement and receive your funds directly via bank transfer or MTN Mobile Money promptly.