FAQs

Equipment Loan

  1. Who is legible for this type of loan?

    Companies or business people that are able to provide all the requirements requested by the Bank

  2. How Is Interest charged?

    Interest is charged on a monthly basis

  3. When my payment period runs out for the equipment loan and has been cleared, can it be renewed?

    Yes, it can be renewed but as a new facility. However, this happens when you have cleared the previous facility or if your securities are good enough to convince the Bank to extend your payment period.

  4. What kind of equipment do you finance?

    Stationery, IT equipment and accessories, house/office equipment, machines i.e. agricultural, cleaning and many more

 

Trade Credit facilities (imports and exports)

  1. How is Interest charged?

    We charge interest on a monthly basis

  2. When the payment period runs out for the trade credit facility, can it be renewed?

    Yes, it can be renewed based on your payment structure. If your monthly deposits are equivalent to the payments the Bank requests for, then we can give you an equivalent credit facility and the payment period is equivalent what you were given before. However if the deposits are low then we give you a smaller deposit with a shorter payment period.

  3. How is interest charged?

    We usually charge interest basing on ones account balance

  4. How is this facility given?

    We usually give this loan inform of a cash credit Line, license of credit, stock loan or investment loan.

     

Bank Guarantee

  1. Who is legible to a Bank guarantee?

    Business people and companies that are able to provide all the necessary documents upon request

  2. If I require an extension on the Bank guarantee requested for, would it be possible?

    Yes, we are able to extend the period as long as you provide us with a date that you would be able to clear the loan.

  3. Can a bank guarantee be renewed?

    Yes, we are able to renew the period but only for people dealing in construction.  

 

Advance on Contract

  1. Who is legible to this facility?

    This type of facility is only for tenders

  2. How is Interest charged?

    Interest is charged on a daily basis until the payment period is covered

  3. Incase I fail to make payment within the stated period, can I be granted an extension?

    Yes, it can be extended. However, our corporate team usually reminds our clients to make payment and if you require an extension, its best to inform them before hand so that they can arrange this.

    We also usually request that our customers give a valid reason to the Bank as to why the contractor hasn’t made payment and any other reasons required to approve your extension.

    PS: if an extension is granted please be advised that it never exceeds the extension period granted to you previously.

 

Stock loan

  1. Who is legible to a cash credit line?

    Companies or business people that are able to provide all the requirements requested by the Bank

  2. How Is Interest charged?

    It is charged on a monthly basis

  3. When my payment period runs out for the stock loan, can it be renewed?

    Yes, it can be renewed as long as you have cleared your previous loan or if your securities are good enough then the Bank can add you an extension to your payment period.

     

Cash Credit Line

  1. Who is legible to a cash credit line?

    Anyone is legible as long as they are able to fulfill the Banks requirements

Equity Price List

08-12-17 CLOSING HIGH LOW
BOK 295 285 285
BRL 150 150 150
NMG 1200 --- ---
KCB 340 --- ---
USL 104 --- ---
EQTY 350 --- ---
CTL 67 67 67

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Exchange Rates

08-12-17  BUYING  SELLING
USD 845.5000 861.0000
EUR

965.0000

1050.0000
GBP 1115.0000 1180.0000

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Contact Us

BK SWIFT CODE : BKIGRWRW

KN4 Ave No12 Plot No 790
P.O. Box 175, Kigali, Rwanda

Find a branch near you

Call Center

Local: Phone 4455 

International: Phone+250-788143000

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web www.bk.rw

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