Bank of Kigali Plot Loan.

This is a long term loan that is intended to finance the purchase of a plot. The lending could be for outright purchase of a plot which serves as security or collateral for the loan.

Featured Benefits

  • Repayable over 15 years
  • Interest rates are fixed depending on prevailing market conditions
  • The plot purchased serves as collateral.
  • Personal contribution usually 30% of the purchase value.
  • We have extended the term to 15 years which means you can afford the plot you desire at more flexible terms.
  • The monthly repayments are fixed which means you do not have to worry about your monthly budget.
  • If you have a BK mortgage you are also eligible to get a top up extended to 15 years at the same monthly installment you automatically ualify for our credit card which means you don’t have to go through another assessment.

Requirements

The requirements for individual customers for vehicle loans are:

  • Completed Loan Application Form
  • Pay slips for the last 3 months(1 current pay slip for top ups)
  • Copy of valid identification documents (National ID for citizens, Passport for non-citizen)
  • Marriage certificate/ Celibacy certificate/Divorce certificate
  • Proof of your contribution by 30%
  • For loan takeover from other Financial Institution
    1. Certificate of indebtedness or Loan Certficate
    2. Bank statement for the last 6 month
  • For married customers:
    1. Copy of spouse’s National ID/Passport
    2. Upon approval of the loan, the client and his/her spouse co-sign the loan agreement; unless the marriage is under separation of property regime.
  • Employment contract(probation period completed)/ Appointment Letter
  • Salary assignment/Employer certificate confirming the account to which the salary is paid.
    1. Provisional sale agreement
    2. Proforma invoice (vehicles manufactures 10 or less)
  • Valuation report + Photos
  • Copy of the land document
  • Visit report by the Relationship officer
  • For non-citizen:
    1. Valid passport
    2. Valid work permit/Visa for the tenor of the loan;Valid work permit/Visa for the tenor of the loan
    3. Employer guarantee (required when the loan is above FRw2.5million
    4. Having been with current employer for at least two (2) years

Application Form & Checklist

Application Form
Checklist
Offer Letter English Version
Kinyarwanda Loan Contract Form
French Loan Contract Form

Loan calculator

Have a question? Find answers here.

Frequently Asked Questions  
Do you need advice?
Call (250) 788-143-000.