"Bancassurance" or "Bancassurance loan" is a partnership between UTB and insurance companies which consists for UTB in financing
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Bancassurance or Bancassurance loan is a partnership between UTB and insurance companies which consists for UTB in financing, via loans which it grants to its customers, the use of mandatory and useful insurance policies (P&C, etc.) to improve social protection in Togo. |
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Construction of first main home; purchase of land for construction.
| PURPOSE | Construction of first main home; purchase of land for construction. |
| AMOUNT | Variable according to salary. |
| REPAYMENT PERIOD | One hundred and twenty (120) months. |
| PROOF REQUIRED | Estimate, title deed, construction plan, architect's report, building permit. |
| BORROWING CAPACITY |
33 % for an income of between FCFA 50.000 and 150.000. |
| DEPOSIT | 5 % for a total of up to 5 million; 10 % for 5 million to 10 million; 15 % for over 10 million. |
| GUARANTEES | Death insurance, medical report for amounts of over FCFA 5.000.000, fire and water damage insurance, binding 1st mortgage agreement |
Purchase of a new or used motor vehicle for personal use.
| PURPOSE | Purchase of a new or used motor vehicle for personal use. |
| AMOUNT | Variable according to salary. |
| REPAYMENT PERIOD | Thirty-six (36) months maximum. |
| PROOF REQUIRED | Pro forma invoice from dealership. |
| BORROWING CAPACITY |
33 % for an income of between FCFA 50.000 and 150.000. |
| DEPOSIT | None. |
| GUARANTEES | Death insurance; medical report for amounts greater than or equal to FCFA 5.000.000; mandatory civil liability, theft and fire insurance. |
