Standard Life Digital Loans

Standard Life Digital Loans app gives you the speed and convenience of applying for a loan to handle personal or business needs and provides a flexible repayment structure to accommodate your needs.

EASY STEPS TO GETTING STARTED

• Download the app.
• Sign up within a few minutes.
• See available loan offers.
• Apply for a loan in minutes.
• Receive your disbursement into your bank or mobile money wallet (MOMO or Airtel Money).
• Get higher loan offers after repaying on time.

It's an efficient, practical, and dependable method of closing your spending gap.

REPAYMENT TERMS Depending on the loan offer you apply for and for which you are eligible, you can choose repayment terms for up to 240 days. Choose the loan offer and term that's right for you within the app.

RATES AND REQUIREMENTS Depending on the loan amount you are eligible for, the loan tenure ranges from 65 days to 90 days. We usually require no collateral. However, to verify your identity and eligibility, you will need to submit additional documentation such as a valid identification document. Also for specific loan amounts you may need to provide a guarantor and we only accept loan applications from persons above the age of 21.

Our maximum interest rate, which is determined by our credit scoring algorithm, is 3% per month. This comes to an Annual Percentage Rate (APR) of 36%

FOR EXAMPLE; If you get a personal loan product of Rwf,000 to pay back over a 3-months tenor at an interest rate and fees of 3% per month (36% APR), you will be paying back Rwf900 in interest. Making your total Principal + Interest repayment of Rwf10,900 only.

Nevertheless, all you need to do is download the app, sign up easily and apply for a loan in minutes!

ADDITIONAL NOTES We consider several indications, including your credit score and previous loan performance, when evaluating your loan request for eligibility. We demand that all information on loan applications be accurate, as providing false information could cause your loan request to be denied or your profile to be blocked. You could be reported to the authorities in cases of fraud.

Contact Us We would love to hear from you and appreciate any suggestions you may have to improve our services. For any comments, inquiries, or worries, please send an email to support@standardlife.org.rw.