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BPR Bank Rwanda Income Generating Mortgage Loan.
The BPR Bank Rwanda income generating mortgage Loan makes it possible for you to invest in real estate that will generate an income.
You are able to buy or construct commercial properties for rental income.

Benefits

Financing of up to 80%

Financing of up to 80% of the value of the property or sale price whichever is lower for commercial purchase.

Financing of up to 70%

Financing of up to 70% of the cost of construction for commercial construction.

Mortgage Term of up to 10 years

Mortgage Term of up to 10 years.

No penalties for early principal reductions.

No penalties for early principal reductions.

No penalties on accelerated monthly repayments

No penalties on accelerated monthly repayments.

What We Need From You*

  • A current feasibility study confirming project viability.
  • Evidence for availability of end buyers of the units to be developed ( min 30% confirmed sales).
  • Evidence of developer’s ability to raise own contribution upfront. (Own contribution is ≥30% of the cost excluding land).
  • Copies of title documents to the plot (s) to be developed.
  • Architectural building and structural plans duly approved by the relevant local authority/Kigali One stop Centre.
  • Priced Bills of Quantities duly signed.
  • Regulatory approvals for the development including EIA (where applicable /any exemptions).
  • Evidence of availability of existing sources of income to service interest during the construction / grace period or the entire facility ( if company provide, audited financial statements for last three years , cash flow projection for the next three years , business profiles, account statements for last twelve months, certificate of incorporation , memorandum and articles of association, TIN certificate, RRA clearance certificate………..).
  • Briefs on the project technical management teams (indicating their qualifications and experience, CVs, and qualification papers). Professional competence to be evidenced by a list of major projects completed within the last 5 to 10 years.
  • An executed formal contract between the Developer and the Contractor indicating the estimated completion time and how cost overruns will be treated.
  • Submission of a performance bond from a reputable bank or insurance firm for 10% of the contract value.
  • Projected valuation report carried out by a Valuer recommended by BPR Bank disclosing.

Rates & Fees*

    Purchase
  • Max. TENOR, 120 Months.
  • Interest rate, Tier 1: BPR Rwanda Base rate +0.5%, Tier 2:Base rate + 1%.
  • Facility fees (Once off), 2%.
  • Management fee, 0.1% per Month.
  • Loan Amount, No Limit (Repayment Capacity).
    Construction
  • Max. TENOR, 120 Months.
  • Interest rate, Tie1: BPR Rwanda Base rate +1.5%, Tier 2:Base rate + 2%.
  • Facility fees (Once off), 2%.
  • Management fee, 0.1% per Month.
  • Loan Amount, No Limit (Repayment Capacity.

*Rates are subject to change.*

Interested in Commercial Mortgage or have a question?

I am an existing BPR Bank customer

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