As Rwanda’s real estate market continues to grow, many foreigners are exploring opportunities to invest. But a common question remains: Can foreigners get real estate financing in Rwanda? The answer is yes , with the right steps and documentation, international buyers can access mortgage loans, developer financing, and lease-to-own plans.

Let’s explore how real estate financing in Rwanda for foreigners works, what options are available, and how to safely navigate the process.

Can Foreigners Own Property in Rwanda?

Yes. Rwanda allows foreigners to own property on a leasehold basis, typically up to 99 years.You must:

• Acquire a lease title through (Rwanda Land Management Authority).
• Ensure the property is zoned for residential or commercial use.
• Pay land lease taxes annually.

Mortgage and Financing Options Available to Foreigners

Foreigners may not always get the same loan terms as Rwandan citizens, but several options are available:

Mortgage Loans from Local Banks

Some Rwandan banks offer mortgage financing to foreigners, especially those with legal residence or business registration.Trusted banks include:

• (Bank of Kigali) .
• (Equity Bank).
• (Access Bank).

Typical conditions:

• Up to 60–80% financing.
• Terms from 5 to 15 years.
• Interest rates between 11% and 18%
• Required documents: passport, land lease, building plan, business license/residency permit.

Developer-Based Installment Plans

Some real estate developers in Rwanda offer direct financing, especially for off-plan projects or gated communities.Examples:

• Green Hills Real Estate .
• Vision City Kigali .
• Abadahigwa Real Estate

These plans usually require:

• 20–30% down payment.
• Balance spread over 12 to 48 months.
• No interest or reduced interest compared to bank loans.

Lease-to-Own Agreements

This is a hybrid model where you lease the property and part of your rent goes toward eventual ownership.

No bank neededPopular with high-end apartments and villasCustom legal contract , use a trusted lawyerSecure options through Institute of Real Property Agents .

Legal and Financial Requirements for Foreign Investors

To apply for financing or buy on installments in Rwanda, foreigners must:

1. Have a valid passport and Rwandan visa or residency.
2. Open a Rwandan bank account.
3. Obtain a TIN (Tax Identification Number) via (Rwanda Revenue Authority) .
4. Get land/house due diligence through a certified lawyer.
5. 5. Sign contracts legally notarized at (Ministry of Justice) .

Risks to Watch Out for

1. Unregistered Agents or Developers

Always confirm licenses via Rwanda Housing Authority .

2. Hidden Construction Costs

Ensure your loan includes taxes, land preparation, permits, and legal fees.

Benefits of Real Estate Financing in Rwanda for Foreigners

• Fast-growing real estate market.
• Clear land ownership laws.
• Peaceful and stable investment environment.
• Low corruption and transparent systems.
• Growing expat and diaspora investor interest.

Step-by-Step Guide for Foreigners Seeking Financing

1. Identify the Property – via agents on House Rwanda .
2. Get Legal & Financial Advice – Use real estate lawyers from Rwanda Bar Association .
3. Apply for Mortgage or Developer Financing .
4. Verify Land/House Title with RLMA.
5. Sign Purchase & Finance Agreements .
6. Pay Installments as Agreed .
7. Obtain Final Ownership Certificate.

Final Thoughts: Is It Easy to Access Real Estate Financing in Rwanda as a Foreigner?

Yes , with the right documentation, financing plan, and trusted professionals, real estate financing in Rwanda for foreigners is accessible and increasingly popular. Whether you’re buying a home, starting a business, or building rental units, Rwanda’s welcoming policies and economic growth make it a smart investment destination.