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105% Mortgage Financing FAQs

105% Own Your Own Home Mortgage Solution


This is a homeownership solution tailored for 1st-time homeowners and those seeking to invest in another primary residence. With this homeownership financing solution, you can buy or build a new home.

  • Proof of source of payment for the requested loan (Salary or business proceeds).
  • Property valuation report (to be bought or built).
  • Identification
  • Provisional sales agreement from the seller
  • Financial statements for the last 3 years (For business owners)
  • Company profile for business owners
  • Employment contract (Salary earners)
  • Payslip for the last 3 months (salary earners)
  • Bank statements for the last 12 months
  • Construction permit
  • Bills of quantities

With the 105% Mortgage financing, you can construct or purchase a home depending on your preference. With this facility we will finance:

  • The property,  100%
  • – 3% P.A is an insurance premium that ensures that the bank is able to cover the customer's needs with no down payment required.
  • 1% once-off facility fee of the property value.
  • A 1% Insurance premium cover protecting against hazards like fire and also you will get loan protection insurance.

The Interest rate is 16% Per Annum negotiable.

Up to 20 years.

No, the product is for first-time homeowners. However, we can also finance the primary residence.

The approval will take a maximum of 4 days after receiving all required documents.

Personnel earning a gross income of FRW 3,500,000.

The Property purchased or constructed is the security.

Maximum loan amount for mortgage 105% is RWF 140,000,000.

Maximum loan amount for second (primary)residence is RWF 108,000,000.

3 years, after 3 years there will be a re-evaluation of the loan and the property which will form a basis for whether payment of the 3% p.a can be discontinued

This facility is open to both salaried and individuals with businesses looking to make their dream home a reality.

  • There is no deposit required.
  • No down payment is required.
  • You get a pre-approved Visa Credit Card to assist with all the other household purchases.
  • Insurance Covers and we also cater for the bank charges with this solution