cbe

awash

abyssinia

USD
53.8978
54.9758
,
GBP
63.5273
64.7978
,
EUR
58.5007
59.6707
,
AED
13.2815
13.5471
,
NOK
4.694
4.7879
,
SAR
12.9896
13.2494
,
SEK
4.6921
4.7879
,
CAD
35.8711
36.5885

abay

USD
53.9027
54.9808
,
EUR
58.5545
59.7256
,
GBP
66.5267
67.8572
,
CHF
58.8393
60.0161
,
AUD
36.0879
36.8097
,
AED
14.6766
14.9701
,
CNY
7.8307
7.9873
,
DKK
7.8617
8.0189
,
DJF
0.2995
0.3055
,
INR
0.6557
0.6688
,
JPY
0.4061
0.4142
,
KES
0.4071
0.4152
,
NOK
5.1657
5.269
,
SAR
14.3587
14.6459
,
ZAR
2.9836
3.0433
,
SEK
5.1818
5.2854
,
SDR
72.483
73.9327

zemen

CAD
39.7533
40.5484
,
EUR
57.8729
59.0304
,
GBP
65.2913
66.5971
,
SEK
5.081
5.1826
,
USD
53.408
54.4762

buna

nib

berhan

wegagen

USD
53.8009
54.8769
,
GBP
61.5685
62.7999
,
EURO
56.9859
58.1256
,
CAD
35.1957
35.8996
,
AUD
32.0768
32.7183
,
CHF
55.9713
57.0907
,
SEK
4.676
4.7695
,
NOK
4.834
4.9307
,
DKK
7.1135
7.2558
,
DJF
0.2976
0.3035
,
INR
0.6534
0.6665
,
KSH
0.4289
0.4375
,
JPY
0.3771
0.3846
,
SAR
12.909
13.1672
,
AED
13.1884
13.4522
,
ZAR
3.1723
3.2357
,
CNY
7.1867
7.3304
,
KWD
167.5769
170.9284

dgb

USD
53.9027
54.9808
,
GBP
66.5267
67.8572
,
EUR
58.5545
59.7256
,
CHF
58.8393
60.0161
,
CAD
39.7718
40.5672
,
AUD
36.0879
36.8097
,
SEK
5.1818
5.2854
,
NOK
5.1657
5.269
,
DKK
7.8617
8.0189
,
DJF
0.2995
0.3055
,
INR
0.6557
0.6688
,
KSH
0.4071
0.4152
,
JPY
0.4061
0.4142
,
SAR
14.3587
14.6459
,
AED
14.6766
14.9701
,
ZAR
2.9836
3.0433
,
CNY
7.8307
7.9873
,
KWD
175.6959
179.2098

enat

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
53.9027
54.9808
,
GBP
63.533
64.8037
,
CHF
56.1915
57.3153
,
SEK
4.6895
4.7833
,
NOK
4.675
4.7685
,
DKK
7.1148
7.2571
,
JPY
0.3675
0.3749
,
CAD
35.9935
36.7134
,
SAR
12.9946
13.2545
,
AED
13.2823
13.5479
,
EUR
58.5545
59.7256
,
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

coop

USD
53.8887
54.9665
,
GBP
66.3532
67.6803
,
EUR
58.3453
59.5122
,
SAR
14.3466
14.6335
,
AED
14.6716
14.965

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

8.5

Dashen Bank

Amole Wallet

Gold debit card

Green card

Amole Digital Banking

Pay from your mobile

Abay Bank

7.8

Abay Bank

Zero Balance Accounts

Muday Services

Agent Banking

Abay Bedeje

A banking service closer to home

Awash Bank

8.1

Awash Bank

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

8.3

Hibret Bank

Hiber-ET

Hiber Shebamile Card

Hiber Agent Banking

Diaspora Banking

Convenient Banking

Cooperative Bank of Oromia

8.2

Cooperative Bank of Oromia

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.