Interested in:

Estate Development Mortgages

KCB Rwanda Project Finance Facility

This targets people that seek to construct/finance projects for outright sale/rental.

Term: As per project proposal

Grace period is given during construction on capital repayment.  Interest is paid during construction on amounts drawn. (Period kicks off from the first disbursement)

Project feasibility report with information on the following;

  • Description of the project concept and current status of project implementation
  • Marketing plan
  • Commercial aspects of the project that include a description of the product, selling price/rental income, comparative pricings for recently completed similar project within a related locality, anticipated competition for the project outputs, unique selling points for the project/competitive advantages.
  • Financial aspect to include proposed project cost, proposed financing plan, proposed source of funds
  • Projected cash flow during construction and up to full repayment of the bank loan.
  • Evidence that developer has sufficient funds to finance own contribution on the project/interest servicing



  • Submission of approved building plans.
  • Submission of priced Bill of Quantities (BQ’s) duly signed
  • Completion as per approved building plans.
  • Submission of a (REMA) approval and the Environmental Impact Assessment (EIA / Audit report for the development.
  • Project team (architect, civil & structural engineers, contractor, and quantity surveyor) to submit their comprehensive CV’s, registration certificates & profiles detailing successful works carried out in the last 5 to 10 years.
  • Every payment request will be against an itemized, comprehensive and priced list of works to be executed and these are to be certified by an architect and confirmed through a valuer’s stage inspection before the next release.
  • Appointment of a suitably qualified project manager to bring the necessary professional supervision into the project. If the project manager is not among the project team the he / she should submit their comprehensive CV, registration certificates & profiles detailing successful works carried out in the last 5 to 10 years.
  • Submission of a duly executed formal contract between the developer and the contractor.
  • Submission of a contractor’s all risk policy with the interest of KCB noted.
  • Submission of a performance bond.


Details Of The Promoting Company

  • Copy of TIN Certificate
  • Company’s legal status, ownership and management
  • Profile of company Directors and key management people
  • Business activity of the promoting company and trading history.
  • Full details of all Borrowings and Facilities Advanced from other institutions
  • Certified copy of Title to property being developed.
  • Certified copy of Memorandum and Articles of Association
  • Certificate of Incorporation
  • Audited Accounts and latest management accounts  for latest 3 years
  • Financial projections for at least 3 years with valid assumptions
  • Bank Account statements for latest 12 months.
  • Income Tax returns
  • Board of Directors resolution authorizing the borrowing.
  • Open an account
  • Copy of property documents

Fees and Rate

  • Interest rate is currently 17.5% p.a. 
  • Commitment fees 2.5% of the loan amount.

Customer contribution: Customer will be required to contribute at least 30% of the total cost of the Construction and KCB will Finance 70% of the cost of construction.

Interested in Estate Development Mortgages or have a question?

What other customers also viewed