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Diaspora Mortgage

Are you a Rwandan living and working in the Diaspora, and looking to buy a home in Rwanda?

BPR Bank Rwanda Mortgages is offering you the KEY to your dream home.

Benefits

Benefits

Upt to 75% financing

Upt to 75% financing

Financing of up to 75% of the value of the property or sale price whichever is lower for purchase

Friendly mortgage terms

Friendly mortgage terms

Enjoy mortgage terms of up to 15 years subject to the terms of employment

Financing for plot purchase

Financing for plot purchase

Get up to 70% financing for plot purchase, for a term of 5 years

Competitive interest rate

Competitive interest rate

Enjoy the bank’s base rate of 16% p.a. minus a 0.5% margin, therefore 15.5% p.a

Flexible repayment terms

Flexible repayment terms

Loan Repayments should not exceed 50% of one’s net income, inclusive of any other loans one could be servicing

Subscribe to Advantage Banking

Subscribe to Advantage Banking

Enjoy the exclusive features and benefits that Advantage Banking has to offer

What we need from you

  • Original pay slips of the last 3 months
  • Original bank statements of last 6 months
  • Letter from employer bearing employment details i.e. terms and retirement details
  • Copy of employment contract
  • Detailed CV
  • Copy of residency permit or work permit
  • Original utility bill
  • Duly completed application form
  • Copy of National ID or Passport
  • Open a BPR bank account
  • Copy of title or lease over property offered as security
  • Duly signed sales agreement or offer of sale
  • Spousal joint surety
  • Establish a power of attorney to act on behalf of the client borrower for matters relating to the mortgage transaction.
  • Valuation report of property being financed (this should be carried out after preliminary assessment of applicant has been done but before submission of application documents).

Rates and fees

  • Valuation fees as applies
  • Commitment fees – 2% once off
  • Insurance – annual fire & life premium is based on loan amount and value of property.
  • Notary fees for mortgage offer letter and mortgage contract
  • Three months’ loan repayment to be maintained in a current account for the term of the mortgage.

NB: If the application documents are not received in originals, these should be notarized.

For all your diaspora queries, please contact us on email: contactus@bpr.rw or telephone: 0788140000 / 0788187200.

Interested in Diaspora Mortgage or have a question?