Home Loan

What we need from you

Employed Persons:

Pre-approval Mortgage Requirements for Employed Persons - Purchase

• Stamped pay slips of previous 3 months
• Stamped bank statements of previous 6 months for non BPR Bank account holders
• Duly filled and signed loan application form
• Copy of National ID
• Copy of employment contract/Letter from employer confirming employment terms, length of service and retirement age.
• Copy of detailed CV if on contract
• Copy of sale agreement or Offer Letter from seller also indicating account details for payment
• Positive CRB search report by BPR Bank official
• BPR salary account to be opened
• One passport size photograph
• Copy of title/lease contract for property being purchased
• Valuation Report from a valuer advised by BPR
• Loan Balance Certificate / Loan Clearance Certificate where applicable
• Commitment of up to 50% of your net income to the mortgage

Post-approval Mortgage Requirements for Employed Persons

• Notary payment for Offer Letter - RWF 18,000
• Notary payment for Mortgage Contract - RWF 18,000
• Payment for Abstract of Mortgage Agreement - RWF 15,000
• Registration fees – RWF 20,000
• Transfer fees – RWF 30,000
• Upfront payment of comprehensive and life insurance for one year to a BPR approved provider
• Payment of 2% commitment fees
• Undertaking from employer to remit salary to BPR Bank till full repayment of facility
• Joint surety
• Marital Status Certificate
• Updated Valuation Report upon successful transfer
• Funds to be remitted to seller’s account via RIPPS

Additional Construction Documentation

• Valuation Report from a valuer to be advised by BPR Bank indicating value of plot, works done and works to be done (bills of quantity).
• Building permit
• Approved and duly stamped building plans
• Approved and duly stamped structural drawings where applicable
• Deed plan
• Payment of 2.5% commitment fees

Self-employed Persons:

Mortgage Requirements for Self-employed Persons

• Duly completed application form
• Copy of National ID and Registration Certificate
• Audited books of accounts reflecting the last 3 years
• Account turnovers/banking history for the last 12 months (BPR Bank and other banks)
• Full details of all borrowings and facilities advanced from other institutions
• Copy of RRA TIN Certificate

Pre-approval Mortgage Requirements - Purchase

• Copy of National ID of the directors/shareholders of the company.
• One passport size photograph each of the directors/shareholders.
• Registration Certificate
• Copy of title /lease over property offered as security
• Duly signed Sale Agreement
• Current Valuation Report from a valuer to be advised by the bank.
• Business history, profile and background of the company
• Audited Books of Accounts reflecting the last 3 years
• Account turnovers/banking history for the last 12 months from other banks
• Full details of all borrowings and facilities advanced from other institutions
• Copy of RRA TIN Certificate

Post-approval Mortgage Requirements

• Notary payment for Offer Letter - RWF 18,000
• Notary payment for Mortgage Contract - RWF 18,000
• Payment for Abstract of Mortgage Agreement - RWF 15,000
• Registration fees – RWF 20,000
• Transfer fees – RWF 30,000
• Upfront payment of comprehensive and life insurance for one year to a BPR approved provider
• Payment of 2% commitment Fees
• Updated Valuation Report upon successful transfer
• Funds to be remitted to sellers account via RIPPS

Additional Construction Documentation

• Valuation Report from a valuer to be advised by bpr Bank indicating value of plot, works done and works to be done (Bills of Quantity).
• Building permit
• Approved and duly stamped building plans
• Approved and duly stamped structural drawings where applicable
• Deed plan
• Payment of 2.5% commitment Fees

Rates & Fees

• Maximum tenor - 25 years
• Facility fees (one off) - 1%
• Management fees - 0.1% per month.
• Interest rate - 11% p.a.

Rates are subject to change.