cbe

USD
54.4025
55.4906
,
GBP
64.7507
66.0457
,
EUR
58.3684
59.5358
,
CHF
57.1241
58.2666
,
SEK
4.5341
4.6248
,
NOK
4.4889
4.5787
,
DKK
7.0919
7.2337
,
DJF
0.3047
0.3108
,
JPY
0.3522
0.3592
,
CAD
36.8768
37.6143
,
SAR
13.1274
13.3899
,
AED
13.4029
13.671
,
XAF
0.002
0.0122
,
INR
,
KES
,
AUD
32.8737
33.5312
,
SDR
,
ZAR
,
CNY
6.9052
7.0433
,
KWD
168.8466
172.2235

awash

EUR
56.5106
57.6408
,
GBP
64.5257
65.8162
,
JPY
0.4037
0.4118
,
CHF
57.4629
58.6122
,
SAR
14.1527
14.4358

abyssinia

AED
13.4029
13.671
,
CAD
36.8768
37.6143
,
CHF
57.1241
58.2666
,
EUR
58.3684
59.5358
,
GBP
64.7507
66.0457
,
NOK
4.4889
4.5787
,
SAR
13.1274
13.3899
,
SEK
4.5341
4.6248
,
USD
54.4025
55.4906

abay

USD
54.4025
55.4906
,
EUR
58.3684
59.5358
,
GBP
67.8018
69.1578
,
CHF
59.8158
61.0121
,
AUD
36.3245
37.051
,
AED
14.8098
15.106
,
CNY
7.6301
7.7827
,
DKK
7.8363
7.993
,
DJF
0.3047
0.3108
,
INR
0.6587
0.6719
,
JPY
0.3891
0.3969
,
KES
0.3904
0.3982
,
NOK
4.9601
5.0593
,
SAR
14.5054
14.7955
,
ZAR
2.8707
2.9281
,
SEK
5.0101
5.1103
,
SDR
72.3662
73.8135

zemen

CAD
40.7479
41.5629
,
EUR
58.3684
59.5358
,
GBP
67.8018
69.1578
,
SEK
5.0101
5.1103
,
USD
54.4025
55.4906

buna

USD
54.4025
55.4906
,
EUR
58.3684
59.5358
,
GBP
64.7507
66.0457
,
AED
13.4029
13.671
,
SAR
13.1274
13.3899
,
CAD
36.8768
37.6143
,
CNY
6.9052
7.0433
,
USD
7.0919
7.2337
,
EUR
4.5341
4.6248
,
GBP
57.1241
58.2666
,
AED
0.3522
0.3592
,
SAR
4.4889
4.5787
,
CAD
168.8466
172.2235
,
CNY
32.8737
33.5312

nib

GBP
64.7507
66.0457
,
EUR
58.3684
59.5358
,
CHF
57.1241
58.2666
,
USD
54.4025
55.4906
,
CAD
36.8768
37.6143
,
AED
13.4029
13.671
,
SAR
13.1274
13.3899

berhan

USD
54.3861
55.4738
,
EUR
58.2693
59.4347
,
GBP
64.6741
65.9676
,
CAD
36.7611
37.4963
,
AED
13.3989
13.6669
,
YUA
6.9193
7.0577

wegagen

USD
54.2965
55.3824
,
GBP
64.0075
65.2877
,
EURO
58.1841
59.3478
,
CAD
36.1417
36.8645
,
AUD
32.1413
32.7841
,
CHF
56.8974
58.0353
,
SEK
4.6669
4.7602
,
NOK
4.6606
4.7538
,
DKK
7.1482
7.2912
,
DJF
0.3031
0.3092
,
INR
0.6588
0.672
,
KSH
0.4039
0.412
,
JPY
0.3681
0.3755
,
SAR
13.0258
13.2863
,
AED
13.3071
13.5732
,
ZAR
3.1723
3.2357
,
CNY
7.1053
7.2474
,
KWD
168.0519
171.4129

dgb

USD
54.4025
55.4906
,
GBP
67.8018
69.1578
,
EUR
58.3684
59.5358
,
CHF
59.8158
61.0121
,
CAD
40.7479
41.5629
,
AUD
36.3245
37.051
,
SEK
5.0101
5.1103
,
NOK
4.9601
5.0593
,
DKK
7.8363
7.993
,
DJF
0.3047
0.3108
,
INR
0.6587
0.6719
,
KSH
0.3904
0.3982
,
JPY
0.3891
0.3969
,
SAR
14.5054
14.7955
,
AED
14.8098
15.106
,
ZAR
2.8707
2.9281
,
CNY
7.6301
7.7827
,
KWD
176.8027
180.3388

enat

USD
53.1422
54.205
,
GBP
62.1342
63.3769
,
CHF
0
0
,
SEK
0
0
,
NOK
0
0
,
DKK
0
0
,
KES
0
0
,
JPY
0
0
,
DJF
0
0
,
CAD
0
0
,
AUD
0
0
,
SAR
0
0
,
AED
0
0
,
ZAR
0
0
,
CNY
0
0

addis

GBP
61.7297
62.9643
,
USD
53.7176
54.792

nbe

KWD
126.8085
129.34467
,
CNH
5.6258
5.738316
,
ZAR
2.6751
2.728602
,
AED
9.9063
10.104426
,
SDR
57.7908
58.946616
,
EUR
48.4016
49.369632
,
CAD
28.7765
29.35203
,
AUD
28.3265
28.89303
,
JPY
0.3389
0.345678
,
SAR
9.7001
9.894102
,
INR
0.5525
0.56355
,
DJF
0.2234
0.227868
,
KES
0.3664
0.373728
,
DKK
5.8896
6.007392
,
NOK
4.2714
4.356828
,
SEK
4.3114
4.397628
,
CHF
41.5822
42.413844
,
GBP
53.539
54.60978

dashen

USD
54.4025
55.4906
,
GBP
64.7507
66.0457
,
CHF
57.1241
58.2666
,
SEK
4.5341
4.6248
,
NOK
4.4889
4.5787
,
DKK
7.0919
7.2337
,
JPY
0.3522
0.3592
,
CAD
36.8768
37.6143
,
SAR
13.1274
13.3899
,
AED
13.4029
13.671
,
EUR
58.3684
59.5358
,
DJF
,
INR
,
KES
,
AUD
,
ZAR
,
CNY
,
AED

oromia

USD
53.3285
54.3951
,
EUR
56.7522
57.8872
,
GBP
64.2235
65.508
,
SAR
14.185
14.4687
,
CHF
57.398
58.546
,
AED
14.5198
14.8102

lion

USD
54.4025
55.4906
,
GBP
67.8018
69.1578
,
EUR
58.3684
59.5358

coop

USD
54.3747
55.4622
,
GBP
67.4953
68.8452
,
EUR
58.1483
59.3113
,
SAR
14.4991
14.7891
,
AED
14.8027
15.0988

gadaa

hijra

EUR
59.0833
60.265
,
USD
54.2297
55.3143
,
GBP
64.8713
66.1687
,
AED
13.3629
13.6302
,
KWD
168.8489
172.2259
,
SAR
13.3629
13.3481

Best Banks for Diaspora Loans in 2023

If you are a diaspora looking to take out a loan but do not know what to do or where to start, then look no further. We got it covered!

The first thing you need to know is that Diaspora loans in Ethiopia are offered for foreign Ethiopians living abroad and foreigners living abroad with Ethiopian origins.

Most of the banks in Ethiopia offer loans for diasporas that will buy, construct or renovate a residential or commercial building, for those who will buy a brand new or used car, and those who want a loan for personal use. Read below to choose the bank that suits you well to provide a diaspora loan.

Dashen Bank

Dashen Bank

8 Rating

8.4% Saving Interest

Amole Wallet

Gold debit card

Green card

Dube Ale , Amole Digital Banking

Pay from your mobile

Abay Bank

Abay Bank

7.2 Rating

8.3% Saving Interest

Zero Balance Accounts

Muday Services

Agent Banking

Abay Bedeje

A banking service closer to home

Awash Bank

Awash Bank

7.6 Rating

8.1% Saving Interest

Banking and Services for micro finance institutions

School Tution Fee Collection Services

Lucy Women's Saving

Business Banking

Plenty of business banking choices

Hibret Bank

Hibret Bank

7.8 Rating

9.1% Saving Interest

Hiber-ET

Hiber Shebamile Card

Hiber Agent Banking

Diaspora Banking

Convenient Banking

Cooperative Bank of Oromia

Cooperative Bank of Oromia

7.7 Rating

7% Saving Interest

Diaspora Banking

Loans and Advances

Interest-Free Banking

Cooperatives Financing

Financing agricultural products

The primary or common steps to get a diaspora loan are no different from those to get a primary bank loan.

Basic Documents needed to get a Diaspora Loan

In order to get a diaspora loan from your chosen bank, you must acquire all the essential required documents listed below.

  1. Diaspora Saving Account
  • You need a diaspora saving account to receive a loan from almost all banks.
  1. Passport and/or Yellow Card
  • You need to have a renewed passport and a yellow card to show your Ethiopian origin.
  1. Marriage Status Papers
  • If single, you need to have a new single certificate that is at most six months old.
  • If married, you must have a marriage certificate authenticated by the concerned government organ in Ethiopia.
  1. Bank Statement
  • You need to have your bank account statement showing your transactions for one year.
  •  You need to have an employment paper showing annual gross and net salary.
  1. Tax Clearance
  • For the borrower
  • For the spouse of the borrower, if married.
  1. Loan Application Request Form
  • You need a loan application letter or request form that includes the requested loan amount, loan term, regularity of payments, offered collateral, loan purpose, source of repayment, and other relevant information.
  1. Work/Residence Permit
  • To get a diaspora mortgage loan, vehicle loan, and customer loan, you need to get a work or residence permit.
  1. Collateral Documents
  • You need a collateral item with proof of ownership along with all the documents.
  • The equity contribution should be in foreign currency.

Diaspora Mortgage Loan

Diaspora Mortgage loan

 

If you are a foreigner planning to purchase, build, or renovate a house in Ethiopia but require a loan to acquire your dream, banks offer diaspora mortgage loans. Note that a Diaspora mortgage loan is approved if the residential or commercial building that will be purchased is from a real estate company or a legitimate seller.

Most banks have the exact requirement and steps to get a diaspora mortgage loan.

Additional Documents needed to get a Diaspora Mortgage Loan

Most banks require you to qualify for the basic diaspora loan documents to get a diaspora mortgage loan. In addition, to get a diaspora mortgage loan and other services, you need to get all of the required documents listed below

  1. Diaspora Mortgage Account
  • You must open a diaspora saving account and fill in all the documents provided by the bank of your choice.
  1. Trade/Investment Licence
  • You need to have renewed trade/investment licenses.
  1. Lease Agreement
  • A copy of the leasing agreement and the payment receipt is required.

Diaspora Vehicle Loan

Diaspora vehicle loan

 

If you are a foreigner in Ethiopia looking for a loan to purchase a brand new or old car, banks offer a diaspora vehicle loan.

Most banks provide loans to diasporas to purchase a new or old car. These are the standard documents needed to get diaspora automobile loan.

Additional Documents needed to get a Diaspora Vehicle Loan 

Most banks require you to qualify for all of the required documents listed below to get a diaspora vehicle or automobile loan in addition to the primary documents required to get a diaspora loan.

  1. Proforma Invoice
  • You need a proforma invoice of the car to be purchased, meaning the initial bill of sales sent to buyers before a shipment or delivery of goods.
  1. Automobile
  • Before getting the loan,banks require you to present the car or automobile to be bought.

Other documents are requested depending on the bank of your choice.

Diaspora Customer Loan

If you are looking to get a loan from your banks for reasons other than to purchase or buy a new/old car, banks offer diaspora customer loans. Diaspora customer loans are given for personal reasons as:

  • Purchase of household equipment and supplies.
  • Cover domestic or foreign travel
  • Medical treatment
  • Education fee

The amount of loan given to the diaspora depends on the bank’s capital of your choice and your ability to repay the loan.

Additional Documents needed to get a Diaspora Customer Loan 

To get a diaspora customer loan, besides the basic diaspora loan requirements, banks require you to present your reason for the loan and proforma invoice for the machinery or equipment you wish to purchase.