Mortgage Loan

• Maximum loan amount: Depend on personal capacity
• Repayment mode: Per month
• Duration: 20 years
• Customer’s contribution: 20% of the house’s cost.
• Compulsory insurance: Life insurance/Fire insurance
• Subscription Age: 21 years old

Eligibility conditions

• Being a salaried employee with salary domiciled to a BOA current account for at least 3 months
• Non-salaried individuals but with a regular monthly income
• Must be a Rwandan citizen or hold permanent residency in Rwanda
• Must have repayment capacity and a stable source of income
• Must meet the Bank’s credit requirements
• If married, the spouse’s income may be considered, and the spouse must sign a commitment form agreeing to repay the loan if necessary
• The property to be financed must be located in Rwanda in a district which is zoned for residential development.

• Letter for requesting loan
• Copy of National Identity card
• Copy of employment contract
• Salary certificate and last 3 slips
• Civil/Marital Status
• Letter for requesting loan
• Copy of sales agreement for those who purchase house and evaluation report of the house to buy
• Bill of quantity (BOQ) and construction permit if the house is going to be constructed.