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Buy or build your ideal home, develop property for rent and acquire plots of land all while enjoying the best rates in Burundi.

Made for resident Burundians, resident non-Burundians and Burundians in the diaspora, this loan is available at all branches countrywide.

Benefits

Flexible payment

Borrow for up to 20 years.

Up to 75% financing

Enjoy up to 50% financing for plot loans and up to 75% financing for residential, commercial and development loans.

Easily accessible

Walk into any KCB branch countrywide and apply for the Home Loan.

Available to broad customer base

Loan is available to eligible resident Burundians, Burundians in the diaspora and resident non-Burundians.

Mortgage Protection Insurance (MPI) available

In the event of the borrower’s death or permanent disability of the borrower, the outstanding loan will be repaid in full.

Home Owners Comprehensive Insurance (HOCI) available

Insures from perils such as fire, floods, terrorism and impact damage with guarantee of 100% restoration.

Affordable rates

Borrow for as little as 14% interest.

Rates and Fees*

    Residential Mortgage

  • Tenor-up to 20 years.
  • Maximum value ratio-75% for Bujumbura; 60% for Gitega & Ngozi.

    • Commercial Mortgage

  • Tenor-up to 10 years.
  • Maximum value ratio-75% for Bujumbura; 60% for Gitega & Ngozi.

    • Estate/Project Development Mortgage

  • Tenor-up to 3 years.
  • Maximum value ratio-75% for Bujumbura; 60% for Gitega & Ngozi.

    • Equity Release Mortgage

  • Tenor-up to 10 years.
  • Maximum value ratio-75% for Bujumbura; 60% for Gitega & Ngozi.

    • Plot Loans

  • Tenor-up to 5 years.
  • Maximum value ratio-75% for Bujumbura; 60% for Gitega & Ngozi.

Rates and Fees*

    Plot & Construction Mortgage

  • Tenor-up to 20 years.
  • Maximum value ratio-75% for Bujumbura; 60% for Gitega & Ngozi.

    • Diaspora & Advantage Mortgage

  • Tenor-up to 20 years for Advantage customers; up to 10 years for Diaspora customers.
  • Maximum value ratio-75% for Bujumbura; 60% for Gitega & Ngozi; 60% for Diaspora.

    • Special Mortgage Scheme

  • Tenor-up to 20 years.
  • Maximum value ratio-75% for Bujumbura; 60% for Gitega & Ngozi.

    • Syndicate Loan

  • Tenor-dependent on agreement with bank.
  • Maximum value ratio-75% for Bujumbura; 60% for Gitega & Ngozi.

  • Approved building plans.
  • Approved structural drawings.
  • Duly signed Priced Bill of Quantities (BOQs).
  • National construction permit/Autorisation de bâtir.
  • A National Environment Management Authority approval of the Environmental Impact Assessment (EIA/Audit report) for the proposed/existing development or a letter of exemption from the Environment Management Authority.
  • Project team (architect, civil structural engineers, contractor, quantity surveyor) to submit their comprehensive CVS, registration certificates, current practicing licenses and profiles detailing successful works carried out in the last 5 to 10 years.
  • Appointment of a suitably project manager to bring the necessary professional supervision into the project.
  • A duly executed formal contract between the developer(sponsor) and the contractor.
  • A contractor’s all risk policy with the interest of KCBB duly noted.
  • Submission of a performance bond from a reputable bank or insurance firm for 10% of the contract value or cash deposit equivalent to 10% of contract value locked with KCBB.

  • Valid sale agreement/offer letter.
  • Active KCBB account (BIF or USD).
  • Copy of title to properly being purchased or charged. (Must have minimum unexpired lease term of 35 years).
  • Spousal consent/sworn affidavit.
  • Valuation report plus photographs of property being financed and/or charged, together with certificate of official search from land registry.
  • Where rent income is considered as repayment ability, a copy of tenancy agreement and copy of title.
  • History of previous employment and CV.
  • Complete information of the guarantor, in cases where a guarantor is needed.
  • Pay slips reflecting the last 3 months.
  • Letter from employer confirming employment status.
  • Copy of employment contract.
  • Bank statements showing the last 6 months for salaried individuals and 12 months for business clients.
  • The last 3 years ‘financials and up to date management accounts for companies, sole proprietor business, partnerships and investments groups.
  • Original and copy of National ID or passport.
  • One passport size photograph.
  • Borrower not blacklisted for the last 12 months.
  • Commitment of 66,6% of gross pay for salaried loans.
  • Credit life insurance cover over death, permanent disability and involuntary loss of job for all employed borrowers.
  • Comprehensive insurances (fire & perils) for all properties taken as collateral by the bank.

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