With features suggested by customers over the years, I&M Bank Rwanda has refreshed its home loans offering to make home ownership a reality.
I&M Bank Rwanda now has a first in the market “mortgage top-up loan facility” which allows customers to borrow from their current Mortgage facility for upgrades to their homes, without having to apply for new facilities.
The bank also reduced the contribution required for Construction loans by 10%, increased the value one can borrow against their own home for a Home Equity loan by 20%; and also increased the borrowing term of the same to 15 years.
In addition to all the exciting offers, all current and new customers who have and who qualify for home loans will now automatically qualify for the prestigious VISA Gold credit card to assist them to make those special purchases for their homes anywhere in the world.
“All these changes to our products are designed to make it easy to build, own, or develop an existing property.” remarked Robin Bairstow, I&M Bank Rwanda’s new Managing Director during the bank’s mortgage product event at the Kigali Serena Hotel last month.
Robin Bairstow replaced Sanjeev Anand at the helm of Rwanda’s leading commercial bank this August, bringing in a wealth of experience and dynamism to bank. In his during the event he said “Rwanda was an easy choice for me; with its sterling economic performance, prudent monetary policy guided by the National Bank of Rwanda, the financial sector is resilient, well capitalized, liquid and most of all profitable. I am therefore humbled to be bestowed this leadership responsibility by the board and privileged to be supported by an exceptional Management team.
