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Diaspora Saving Account

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Know About

Diaspora Saving Account

Open a Diaspora account with our bank now to make your dreams come true. If you have already opened a Diaspora account with our bank, you will have to change your fixed time and current account to a non-repatriable saving account to get benefit from this special opportunity. Diaspora community who open a non-repatriable savings account to take advantage of this special opportunity will continue to be charged a maximum annual interest rate of 10% based on the minimum interest rate set by the National Bank until they receive the loan service.

When Diasporas make their expected payments and outstand- ing debts in foreign currencies (dollars, euros and pounds sterling); If the Diaspora beneficiaries of the credit service return to their country before paying their debts in full, they can make their payments in birr. For this purpose, 13-19% interest is considered for both building and housing loans depending on the type of loan. Buildings, houses, vehicles and machineries are bought on credit are held as collateral until the expected debt is fully paid. If your choice is mobile machinery, our bank is ready to accommodate your needs. To benefit from this loan service, you have to save 20% of the total loan amount in foreign currency at our bank and the remaining 80% will be covered by the bank. The loan term varies depending on the type of loan from 5 years to 15 years.

A loan service designed for Ethiopians living abroad and Ethiopians born

Anbesa International Bank is providing services by opening more than 330 branches and 2,502 agent banks throughout the country to expand its outreach from time to time. It has been expanding its scope of services by developing various banking services that goes parallel with the times. One of the banking services offered by the bank is Diaspora Loan.

This Diaspora loan service is designed for Ethiopians living abroad and to realize their dreams in their home country.

 

Our Savings Account Benefits

We help businesses and customers achieve more.

  • High Interest Rate on Savings

    Diaspora customers with a non-repatriable savings account will receive a maximum annual interest rate of 10% on their deposits. This rate is based on the minimum interest rate set by the National Bank of Ethiopia and remains applicable until the loan is provided.

  • Eligibility for the Diaspora Loan Service

    Opening a non-repatriable savings account is mandatory to access the Diaspora loan. If a customer already has a fixed time or current Diaspora account, they must convert it to a non-repatriable savings account to benefit from this special loan opportunity.

  • non-repatriable savings account

    Qualifies customers for the Diaspora loan, which can be used for buying/building houses, business properties, vehicles, or machinery. Earns up to 10% annual interest on the deposited savings, offering a profitable way to grow funds while waiting for the loan disbursement.

Savings A/c Required Documents

Basic documents required for opening a savings account.

work or residence permit

If the Diaspora applying for credit service is an Ethiopian, a renewed passport, if he is an Ethiopian born and has the citizenship of foreign countries, a renewed ID card and an Ethiopian born card (Yellow card).

Customers looking for Diaspora loan services should open savings accounts in person or through their legal representatives at our bank's headquarters and branches;

Marriage certificate if you are married, the same if you are not married Corroborating Evidence;

Employment letter and employment contract from the institution (organization, office) where you work, proof of annual salary and net income;

Applicants who is participating in business sector must submit at least three years of financial statements, renewed business licenses, business registration certificates and proof of relevant tax payments;

Applicants must meet the 20% due;

If the requested loan is by proxy, they must be submitted with the relevant power of attorney document, the representa- tive's updated ID and two passport-sized photographs.

The approved loan cannot be used for other purposes.

Diasporas who will benefit from this service are required to pay in foreign currencies accepted by our bank (Dollars, Euros and Pounds sterling);

Two recent passport sized Photograph;

Loan Repayment Schedule

A customer who will use the Diaspora service can make payment in the following ways;

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  • How can I transfer money to my account at your bank from abroad?

    You can transfer money directly using our SWIFT address LIBSETAA from your current country to ...

  • Are there other ways to send money to my account?

    Yes, you can use international money transfer services like Tunes, Western Union, MoneyGram, Dhabshill, and ...

  • How do I repay a Diaspora loan from your bank?

    Loan repayments must be made monthly or quarterly (every three months).

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