cbe

USD
131.5086
134.1388
,
GBP
174.4955
177.9854
,
EUR
149.8277
152.8243
,
CHF
156.9823
160.122
,
SEK
13.4396
13.7084
,
NOK
12.8108
13.0671
,
DKK
19.7202
20.1146
,
DJF
,
JPY
0.8912
0.909
,
CAD
94.2697
96.1551
,
SAR
35.069
35.7703
,
AED
35.809
36.5252
,
INR
,
KES
,
AUD
83.7181
85.3925
,
ZAR
,
CNY
17.9542
18.3133
,
KWD
420.8198
429.2362

awash

USD
134.3284
137.015
,
GBP
182.8999
186.5579
,
EUR
156.3001
159.4261
,
JPY
0.7944
0.8103
,
SAR
32.3255
32.972
,
AED
33.0163
33.6766
,
CAD
87.636
89.3887
,
CHF
145.6863
148.6
,
NOK
10.8911
11.1089
,
DKK
17.624
17.9765
,
SEK
,
DJF
,
INR
,
KES
,
AUD
,
ZAR
,
CNY

abyssinia

USD
134.1422
136.825
,
GBP
181.2829
184.9086
,
EUR
155.6965
158.8104
,
AED
36.5221
37.2525
,
CHF
168.7323
172.1069
,
SEK
14.0367
14.3174
,
NOK
13.3463
13.6132
,
CAD
98.8375
100.8143
,
SAR
35.7693
36.4847
,
CNY
18.7174
19.0917

abay

USD
132.9817
135.6413
,
GBP
180.9215
184.54
,
EUR
154.2986
157.3846
,
AED
36.2052
36.9293
,
ZAR
7.4811
7.6308
,
SAR
35.4561
36.1652
,
JPY
0.9125
0.9308
,
CHF
164.8669
168.1643
,
AUD
86.345
88.0719
,
CNY
18.5371
18.9079

zemen

CAD
98.5569
100.528
,
EUR
155.998
159.118
,
GBP
173.9501
177.4291
,
SEK
14.0316
14.3122
,
USD
134.4019
137.0899

buna

USD
134.3519
137.0389
,
EUR
154.9901
158.0899
,
GBP
178.2021
181.7661
,
AED
36.192
36.9158
,
SAR
35.7075
36.4217
,
CAD
94.006
95.8861
,
AUD
64.239
65.5238
,
JPY
0.94
0.9588

nib

USD
134.2429
136.9277
,
GBP
183.2684
186.9338
,
EUR
158.2321
161.3967
,
CHF
169.1782
172.5617
,
CAD
98.7734
100.7488
,
AED
36.5446
37.2755
,
SAR
35.7943
36.5102

berhan

wegagen

dgb

USD
132.0724
134.7138
,
EUR
148.5321
151.5027
,
GBP
167.2316
170.5762
,
CHF
130.8214
133.4378
,
SAR
29.9468
30.5457
,
AED
35.8921
36.6099
,
CAD
79.1617
80.7449

enat

USD
133.1637
135.827
,
EUR
150.946
153.9649
,
GBP
175.6691
179.1825

ahadu

USD
134.2162
136.9005
,
GBP
180.1432
183.7461
,
EUR
154.5012
157.5912
,
CAD
94.4677
96.3514
,
SAR
35.0504
35.7514
,
AED
35.7909
36.5067

addis

USD
134.4128
137.1011
,
EUR
158.0003
161.1603
,
GBP
184.1205
187.8029
,
SAR
35.8373
36.5544
,
CHF
168.2895
171.6553
,
AED
36.5968
37.3288
,
KWD
0
0

dashen

USD
134.4246
137.1131
,
EUR
155.9325
159.0512
,
GBP
181.4732
185.1027
,
CAD
87.9134
89.6716
,
AED
33.1204
33.7828
,
SAR
32.4273
33.0758
,
CNY
16.8508
17.1879

oromia

USD
134.3633
137.0506
,
GBP
177.0371
180.5778
,
EUR
148.8611
151.8383
,
CHF
169.3299
172.7165
,
SAR
35.8263
36.5429
,
AED
36.5774
37.3089

lion

USD
134.0414
136.7222
,
GBP
180.27
183.8754
,
EUR
154.9538
158.0529

developmentbank

USD
132.3534
135.0005
,
GBP
180.6889
184.3026
,
EUR
156.005
159.1251
,
CHF
166.797
170.1329
,
SEK
13.8612
14.1384
,
NOK
13.1366
13.3993
,
DKK
20.9076
21.3257
,
DJF
0.7413
0.7561
,
JPY
0.9199
0.9383
,
CAD
97.3831
99.3308
,
SAR
35.2905
35.9963
,
AED
36.0302
36.7508
,
INR
1.55
1.5809
,
KES
1.0224
1.0429
,
AUD
86.9429
88.6818
,
SDR
182.0653
185.7066
,
ZAR
7.5508
7.7018
,
CNY
18.4776
18.8472
,
KWD
433.6162
442.2885

coop

USD
134.2806
136.9662
,
GBP
181.331
184.9576
,
EUR
155.4649
158.5742
,
AED
34.994
35.6938
,
SAR
34.2674
34.9528

gadaa

USD
134.1095
136.7917
,
GBP
165.8019
169.1179
,
EUR
152.1936
155.2375
,
AED
33.7659
34.4412
,
SAR
33.0073
33.6674
,
CHF
134.1436
136.8265

hijra

USD
132.1301
134.7727
,
EUR
148.063
151.0242
,
GBP
173.3231
176.7895
,
SAR
35.8505
36.5675
,
AED
36.6058
37.3379

amhara

USD
134.6599
137.3531
,
GBP
184.8746
188.5721
,
EUR
157.7541
160.9092
,
CAD
98.6086
100.5808
,
AED
36.6691
37.4025
,
SAR
35.9055
36.6236

tsehay

USD
132.8509
135.5079
,
GBP
169.2591
172.6443
,
EUR
148.836
151.8127
,
CAD
89.6864
91.4801
,
SAR
33.3311
33.9977
,
AED
34.0606
34.7419
,
AED

tsedey

USD
134.2875
136.9732
,
EUR
158.1772
161.3408
,
GBP
183.2621
186.9274
,
AED
36.5567
37.2879
,
CHF
169.1704
172.5538
,
SEK
14.0578
14.339
,
NOK
13.3386
13.6054
,
DKK
21.1997
21.6237
,
DJF
0.7521
0.7671
,
INR
1.5719
1.6033
,
JPY
0.9302
0.9488
,
CAD
98.7989
100.7749
,
SAR
35.8052
36.5213
,
ZAR
7.6282
7.7808
,
CNY
18.7484
19.1234
,
KWD
439.5632
448.3545
,
KES
1.0378
1.0585

siinqee

USD
134.08
136.7616
,
EUR
157.015
160.1553
,
GBP
181.7173
185.3516
,
SAR
23.1262
23.5887
,
CHF
123.4786
125.9482
,
AED
36.3332
37.0599

hibret

USD
134.0001
136.6801
,
GBP
176.1027
179.6248
,
EUR
156.2897
159.4155
,
AED
36.4785
37.2081
,
CAD
98.5947
100.5666
,
CNH
18.7075
19.0817
,
CHF
148.0209
150.9813

gohbetoch

USD
134.3805
137.0681
,
EUR
154.6744
157.7679
,
GBP
178.1475
182.7305
,
AED
35.7081
36.4222

zamzam

USD
132
134.64
,
GBP
177.072
180.6134
,
AED
36.2533
36.9784
,
EUR
149.748
152.743
,
SAR
35.3367
36.0434
,
CAD
95.625
94.5375
,
CHF
160.185
163.3887

nbe

JPY
0.9382
0.9476
,
KWD
443.3502
447.7837
,
CNY
18.9099
19.099
,
ZAR
7.694
7.7709
,
XDR
186.4392
188.3036
,
EUR
159.54
161.1354
,
AED
36.8717
37.2404
,
SAR
36.1137
36.4748
,
AUD
88.8109
89.699
,
CAD
99.6501
100.6466
,
USD
135.4444
136.1459
,
KES
1.0467
1.0781
,
INR
1.5854
1.6013
,
DJF
0.7586
0.7813
,
DKK
21.3824
21.5962
,
NOK
13.4535
13.588
,
SEK
14.1789
14.3207
,
CHF
170.6279
172.3341
,
GBP
184.841
186.6894

binance

USDT
161
160.47

Diaspora car loan in Ethiopia 2024

car loan in ethiopia

Apply for a diaspora vehicle loan here

Diaspora car loan in Ethiopia

Ethiopian Banks provide different types of loan services which support the diaspora personal asset build or investment. Banks give the term Diaspora to Ethiopian citizens who live outside of the country at least for 1 year and foreign citizens who have Ethiopian origin. Ethiopian Banks provide Banking services to people who are under either of the situation, which is usually called “Diaspora Banking service.”

This service includes Bank accounts, making deposits, saving accounts, and loan services which include house loans, car loan. Diaspora car loan in Ethiopia is a loan service provided for customers to purchase new or used cars either for personal or business use by taking credit from the Banks respectively to their own criterias.

Ethiopia has nearly 28  banks (fully launched) which are authorized under the National Bank of Ethiopia rules and regulations, every bank has its organizational guidelines to follow including loan service.

Find out which are the best banks for diaspora loans in Ethiopia to help you with your banking decisions.

How to get access Diaspora car loan in Ethiopia

Diaspora communities can apply for Diaspora car loan in Ethiopia services from any Bank of their choice easily through Banks Ethiopia website by filling out the provided application form.

Basic requirements to access a Diaspora Vehicle loan in Ethiopia

Diaspora Car loan in Ethiopia service is provided only for nonresidential citizens and nonresidential foreigners of Ethiopian origin in most cases.
Guaranteeing loan services can be different from one bank to another accordingly to the Bank’s rules and regulations, meanwhile, there are also common ground requisitions that are shared among most of the banks.

When a customer requests a car loan in Ethiopia, some essential criteria need to be processed which are listed down below:

  • Eligible identification card/passport/ living license(for foreigners living in Ethiopia)
  • Loan application form properly filled and signed by the applicant
  • Need to have a Diaspora account (deposit)
  • Employment and income status of the applicant if she/he is an employee
  • For Business owners Financial statements, Renewed trade licenses, and trade registration certificates are mostly requested with expected variety according to the Bank policy; and TIN certificate, Tax Clearance Confirmation might also be requested.

Besides personal qualifications, there are additional factors that affect the acceptance of the application form to access car loan services. Car loan service is applicable for both newly manufactured and used vehicles

  •  year of manufacturing for the vehicle(maximum eligible up to 15 years of function)
  • The vehicle has to be insured until the loan is fully repaid
  • In most cases, the applicant would be requested to make a deposit which is half the amount of the loan
  • Purchasing agreement/legal documentation between the seller and the buyer
  • Along with the direct requisition, there are an additional set of points that the banks use to protect their organization from cash loss during loan services

Example

– If the car to be purchased is in used form and has been functioning for a longer time, the interest rate set for the loan also rises, in consideration of the risk calculation.

– If the customer has a good currency transaction history / agrees to make the repayment with currency the banks usually amend the usual interest rate to a lower rate.

– Income status ( if the applicant is Employed) and the business statement and income status ( if the applicant is a business owner)