Bank Guarantee

Bank of Kigali's guarantee/bond is a written and irrevocable promise that the liabilities of a debtor will be met in the event that you fail to fulfill your contractual obligations.

Benefits

  • Last longer
  • Client obtains credit hence easing increase in liquidity
  • Immediate compensation in case of default

We offer bank guarantees in the form of bid bonds, performance guarantees and advance payment guarantees.

Issued by the bank as part of a bidding process to the tendering body guaranteeing that the client if successful in the bidding process, will undertake the contract under the terms at which they bid.

Features

  • Turnaround time of 1 day
  • Commission of 1% per quarter- 100% cash collateral required

Standard requirements

  • Letter of request
  • Copy of valid identification documents
  • 100% cash collateral
  • Title and references of the tender on bid bond security

This acts as surety to guarantee the satisfactory completion of a project by a contractor. The contractor is guaranteed compensation for any monetary loss up to the amount of the performance bond if the agreed terms are breached. Hence BK stands as a guarantor on behalf of the client.

Features

  • Turnaround time of 1 day
  • Commission of 1% per quarter- 100% cash collateral required

Standard requirements

  • Letter of request
  • Copy of contract
  • Copy of valid identification documents
  • 100% cash collateral

This represents an irrevocable obligation of the bank to pay a specified amount of money if the party for which the bank is giving the guarantee does not fulfil its contractual obligations.

Features

  • Turnaround time of 1 day
  • Commission of 1% per quarter

Standard requirements

  • Letter of request
  • Copy of contract
  • Copy of valid identification documents
  • 100% cash collateral

Dear Customer,

Did you know that you can enjoy a better banking experience with our newly revamped Internet Banking?

Access the platform on https://online.bk.rw - using your Existing Credentials (Username and Password) to log in.

With our new Internet Banking, we guarantee you security, speed and convenience. Call us on 4455 for more information.