Can i take out a personal loan if i am a foreigner?
What do you need to open an account?
- Valid Passport
- Valid Proof of Residence
With the personal loan the main objective is that the client can take care of any personal need, such as their education, a wedding, their house and their debts and expenses.
The success of your application is also largely dependent on the following:
- Source of income
- Source of funds that the customer expects to use in concluding transactions during the business relationship
- Type of activity that we can expect on the account
- Reason for the loan
- A letter of introduction from the applicant’s employer confirming employment, position held and gross monthly salary
This, is also institution dependent as each loan provider will have their own processes and requirements. Applicants are so encouraged to contact their institution of choice for further information.