What are the differences between 3, 6, 9, and 12 month terms?

What are the differences between 3, 6, 9, and 12 month terms?

Bukas Flex is available in 3, 6, 9, OR 12-month installment plan options. Borrowers may choose the best option for them upon application.

Note: Short-term loans are currently offered to select schools. Your approved loan agreement may change in tenor based on the assessment of your application buy the Bukas Team.

The following things are the same for all tenors:

• Requirements to apply.
• Option to pre-terminate. This means you can close your loan before your maturity date (e.g. closing your loan on the 5th month even if you have a 12-month plan). Learn more here.
• Availability upon reapplication. As long as you are eligible to reapply for another installment plan, you can choose among these tenors.

When applying for a short-term loan, interest rates may vary.

For transparency, our team may assess a different length of loan than the one you selected. This is done to put you in the best position to manage your loan. To know more, you can visit this page: Why was I approved for a different tenor?

Register or log in now at Bukas to get a more specific tenor and rate!