Rwanda: Lender Moves to Boost Mortgage Financing

May 05, 2017 | The New Times; All Africa

KCB Bank Rwanda will increase mortgage financing by relaxing the requirements enabling customers and developers to use this financing product.

KCB Bank Rwanda has renewed efforts geared at increasing uptake of their mortgage products in the country. Beatrice Chege, the head of mortgage business at KCB Bank Rwanda, said the bank would give incentives to developers and customers, arguing this would help increase mortgage uptake. "Most people don't have enough savings to help them secure mortgages. So, we have relaxed our requirements enabling customers to acquire mortgages of up to 100 per cent and be able to own their dream homes," she told The New Times yesterday. This as the bank hosts the second edition of "Expert Talks" on mortgage finance to raise awareness about their products on the markets. Read more on All Africa. Source : All Africa