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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 
