BANK

Mortgages

Interested in:

Commercial Mortgage

KCB Rwanda Income Generating Mortgage Loan

The KCB Rwanda income generating mortgage Loan makes it possible for you to invest in real estate that will generate an income.

You are able to buy or construct commercial properties for rental income. 

Benefits

Benefits

Mortgage Requirements - Purchase

Pre-approval Documentation

  1. Copy of National ID of the Directors/Shareholders of the Company.
  2. One passport size photograph each of the Directors/Shareholders.
  3. Registration certificate
  4. Copy of Title / Lease over property offered as security
  5. Duly signed Sale Agreement
  6. Current Valuation Report from a valuer to be advised by the Bank.
  7. Business history, profile and background of the Company
  8. Audited Books of Accounts for last 3 years
  9. Account Turnovers (Banking History) for last 12 months from Other Banks
  10. Full details of all Borrowings and Facilities Advanced from other institutions
  11. Copy of RRA TIN Certificate

 

Post – Approval Documentation

 

 

 

Post Approval

1.

Notary payment for offer letter - RWF 18,000

2.

Notary payment for Mortgage Contract - RWF 18,000

3.

Payment for Abstract of Mortgage Agreement - RWF 15,000

4.

Payment of Registration Fees – RWF 20,000

5.

Payment of Transfer fees – RWF 30,000

6.

Payment of Comprehensive and Life insurance for one year upfront depending on Company structure (As per KCB approved provider)

7.

Payment of 2% commitment Fees

8.

Updated valuation report upon successful transfer

9.

Funds to be remitted to sellers account via RIPPS

 

Additional Construction Documentation

1.

Valuation Report from a valuer to be advised by KCB indicating value for plot, works done and works to be done (Bills of quantity).

 

Building permit

2.

Approved building plans (duly stamped)

3.

Approved structural drawings (duly stamped) where applicable

4.

Deed plan

5.

Payment of 2.5% commitment Fees

Financing

  • Financing of up to 80% of the value of the property or sale price whichever is lower for commercial purchase.
  • Financing of up to 70% of the cost of construction for commercial construction.

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