GTBank Rwanda Launches ‘Single Digit Smart Loan’ With 8% Interest Rate

The loan, branded the “Single Digit Smart Loan,” is designed to provide fast access to financing, with applicants receiving feedback within 24 hours.

Emile Iraguha, head of credit at GTBank (Rwanda) Plc, said the facility targets existing customers with a strong banking relationship, aiming to support their continued growth.

“Everything we do is centered on our customers and their development,” Iraguha said. “We assess what best serves them and introduce programs like this one that offer loans at a low interest rate. It is rare to find a loan at an annual rate of 8%.”

Iraguha said eligibility will be based on a customer’s income level, cash flow capacity and qualifying account balances. The bank will also review clients’ credit history and repayment behavior.

“We will closely assess a customer’s track record. How have they repaid previous loans? Do they have the capacity to repay the amount requested? What is their level of commitment to the project they are investing in?” he said. “All this will be evaluated within 24 hours to ensure a timely response.”

Collateral requirements will depend on the level of risk associated with the project being financed, though Iraguha emphasized that collateral will not be the primary consideration.

“The most important factor is not collateral but the customer’s repayment capacity and the viability of the investment,” he said.

The Single Digit Smart Loan was launched in January 2026 to support entrepreneurs and individual clients.