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Pricing conditions
The full table, with no vague cross-references. Every rate comes with its annual APR, arrangement fee included.
Financing
| Product | Nominal rate | Annual APR | Arrangement fee | Processing time |
|---|---|---|---|---|
| Funding for existing businesses | 34.0 % | 34.0 % | 0.0 % | To be provided |
| Overdraft | 34.0 % | 34.0 % | 0.0 % | To be provided |
| Microloans | 34.0 % | 34.0 % | 0.0 % | To be provided |
The APR is calculated for a representative example of each product, at the middle of its amount and term ranges: it depends on the amount and the term, and therefore has no single value. Use the calculator for your own case.
- Funding for existing businesses : based on 2,550,000 FCFA / 8 months
- Overdraft : based on 2,525,000 FCFA / 2 months
- Microloans : based on 525,000 FCFA / 8 months
Accounts and deposits
| Product | Minimum balance | Interest rate | Opening fee | Passbook |
|---|---|---|---|---|
| Collection account | — | — | Free | 500 FCFA |
| Company and association current account | 30,000 FCFA | — | To be provided | — |
| Individual current account | 15,000 FCFA | — | To be provided | — |
| Term deposit | — | — | To be provided | — |
| Savings account | 10,000 FCFA | 4.0 % a year | To be provided | — |
| Association savings account | 20,000 FCFA | 4.0 % a year | To be provided | — |
| Locked savings account | 10,000 FCFA | 6.0 % a year | To be provided | — |
| Student savings account | 2,500 FCFA | 4.0 % a year | To be provided | — |
| Salary account | — | — | Free | — |
Minimum balances and interest rates taken from Africa First Finance's official documentation. Account maintenance fees have not yet been provided.
Services
| Service | Price |
|---|---|
| Currency exchange | To be provided |
| Advice and support | To be provided |
| Sponsorship and partnerships | To be provided |
Table in force on [date], to be replaced by the approved version. Annual percentage rates are calculated excluding optional insurance.