Looking to get your first car? Or have you simply identified a fresh set of wheels you’d like to snag? Secure yourself a friendly personal car loan with a comfortable repayment period of up to 60 months. All you need is an active BPR account and proof of security, and you’ll be on cruising with your dream car.

Benefits

Long tenure

Enjoy long payment periods of up to 60 months.

Low Contribution

Equity contribution as low as 10% for brand new cars of up 1 year of manufacturing or zero (0%) under government scheme so you do not have to save much.

Highly competitive pricing

Highly competitive pricing.

Zero Penalties

Early repayments allowed without penalty.

Chose from a wide range of dealers

Chose from a wide range of dealers.

What We Need From You*

  • Employment contract Indicating terms and conditions of employment.
  • Stamped Pay slips for recent 3 consecutive months.
  • Employment and salary certificates recently signed.
  • Undertaking by employer to channel the borrower’s salary through his/her account with BPR Bank.
  • Bank statement for 6 months (If not banking with BPR).
  • One color passport photograph for the borrower and the guarantor.
  • Loan clearance certificate / loan certificate (If not banking with BPR).
  • Photocopy of ID for Rwandese or Passport for foreigners(including a working permit).
  • Marital status (Certificate of marriage, celibacy, Divorced & Widowed).
  • Guarantor’s photocopy of ID for Rwandese or Passport for foreigners (if applicable).
  • Well filled BPR loan application form.
  • Positive CRB report.
  • Promissory note.

Rates & Fees*

  • Interest rate, BPR bank base rate + 0.5%.
  • Facility fees (Once off), 2%.
  • Management fee, 0.1% per Month.
  • Loan Amount , up 90% for brand new cars or 100% under government co-ownership arrangement.
  • Repayment Capacity, 50% of net salary or 100% of car allowance/lump sum.

*Rates are subject to change.*

I am an existing BPR Bank customer