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Rwanda 💰 RWF Last updated2026-05-28 Mortgage Calculator
Rwanda
A 80,000,000 RWF mortgage at 17.5% over a 15-year term works out to a monthly payment of about RF 1,259,663, with total interest of RF 146,739,267 over the full term.
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Local context Mortgages in Rwanda
Market overview
Rwanda's mortgage market is led by Bank of Kigali (the country's largest lender), I&M Bank Rwanda, Equity Bank Rwanda, KCB Rwanda and GT Bank Rwanda, with the Development Bank of Rwanda (BRD) providing wholesale funding for affordable-housing schemes. The National Bank of Rwanda (BNR) has held its Central Bank Rate at 6.50% through 2026 after taming a 2022–23 inflation spike. Demand is concentrated in Kigali (particularly Kacyiru, Nyarutarama and the new Vision City development), fuelled by Vision 2050 urbanisation targets and the government's push to lift Kigali to 3.8 million residents.
Why 17.5% is the typical rate
Mortgage rates of 17–18% remain well above the BNR policy rate because of structurally tight RWF liquidity and the high cost of long-dated term funding in the local market.
Tax & regulatory notes
Registration of a property transfer attracts a 6% transfer tax under Law N°75/2018 on tax procedures, with a reduced 0.1% rate for transfers between spouses or descendants. The BRD's Affordable Housing Programme, refinanced by the World Bank under the Rwanda Housing Finance Project, allows commercial banks to offer 20-year mortgages at single-digit rates to qualifying buyers below specified income caps. The Land Law N°27/2021 governs all conveyances through the Rwanda Land Management and Use Authority (RLMUA).
A 80,000,000 RWF mortgage at 17.5% over a 15-year term
RF 80,000,000 17.5% 15 years (180 months) RF 1,259,663 RF 146,739,267 RF 226,739,267 
