The Development Bank of Rwanda Plc (BRD) calls upon all new students for intake 2020/21 who were approved for students loans by Higher Education Council (HEC), to pay attention to the following conditions to be able to register in the Education Finance Management Information System (EFMIS): 

  1. To have their personal National ID
  2. To have their telephone number/sim card registered in their own names and ID
  3. The correctbank account should be in the student’s own names as on ID 
  4. Remember to sign the contract electronicallyafter following all the steps as shown on the registration user guide video found on (where you see a student’s photo) 
  5. To have the referee’s ID

In order to serve you better, please note:  

  1. Registering with BRD is not enoughto guarantee your living allowance unless you register with your Campus as well. 
  2. Double check all details before submitting. All requirements mustbe correctly fulfilled. 
  3. Students in RP should have completed their registration in EFMIS by 15thMarch 2021 
  4. Students in UR should have completed their registration in EFMIS by 26thMarch 2021 

In case you meet any challenges, please write an email to  


Chief Executive Officer 


Bank y’Amajyambere y’u Rwanda Plc (BRD) iramenyesha abanyeshuli bashya ba 2020-21 bemerewe n’Ikigo cy’Igihugu gishinzwe Amashuri Makuru (HEC) inguzanyo yo kwiga;  kwita kuri ibi bikurikira mu gihe buzuza amasezerano muri sisiteme ya EFMIS: 

  1. Kuba afite irangamuntu ye bwite 
  2. Kuba afite numero ya telefoni/Simukadi imubaruyeho bijyanye n’irangamuntu 
  3. Konti ya banki yawe nyayo yanditse ku mazina yawe bwite ahuye n’irangamuntu 
  4. Kwibuka gusinya amasezerano mu buryo bw’ikoranabuhanga nyuma yogukurikiriza amabwiriza yose nkuko bigaragara muri videwo y’imfashanyigisho mwasanga kuri  (ahagaragara ifoto y’umunyeshuri) 
  5. Kuba afite irangamuntu y’umwishingizi 

Icyitonderwa kugirango turusheho kunoza serivisi tubaha : 

  1. Kwiyandikisha muri sisiteme ya BRD ntibihagije kubona inguzanyo yawe igihe cyose utariyandikisha ku kigo wigamo 
  2. Ongera usome neza mbere yo kohereza urebe ko ibisabwa byujujwe neza 
  3. Abanyeshuri biga muri RP/IPRCs barasabwa kuba biyandikishije bitarenze tariki ya 15/03/2021 
  4. Abanyeshuri biga muri UR barasabwa kuba biyandikishije bitarenze tariki ya 26/03/2021 

Uwagira ikibazo yatwandikira kuri  


Turasaba abanyeshuri bakeya basigaye ba UR na RP bigira ku nguzanyo ya Leta, by’umwihariko abari kuri uru rutonde ruvuguruye rwatanzwe, baziko bataruzuza amasezerano y’inguzanyo muri system (EFMIS) ya BRD Education, kubikora byihuse.

Twibutse ko abatarujuje amasezerano ntibemerewe kubona buruse.

Abakozi ba Campus bashinzwe imibereho myiza y’abanyeshuri (Deans/Welfare) bafatanije n’abakozi ba BRD barakomeza kubafasha.
Umunyeshuri uhuye n’imbogamizi yatwandikira kuri

EDUCATIONThe Bank will play an important role in increasing access and improving quality of both basic and tertiary education. This will be achieved through investments in Education projects, Education savings program and efficient management of student loan and bursary schemes.

In October 2015, the Government of Rwanda gave the mandate of management of students’ loans and bursaries to BRD in compliance with the provisions of Law No 44/2015 of 14/09/2015 governing student loans and bursaries in Rwanda. This role was previously undertaken by the Ministry of Education.

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BRD provides a variety of products and services in the education sector:

1. Student and/or bursaries loans

The Bank provides loans for higher education at both undergraduate and postgraduate levels, and beneficiaries must be studying either in Rwanda or Abroad.

  • A student is required to apply to the Ministry of Education through its agency in charge of higher education student loans and bursaries. Currently, the Rwanda Education Board is handles the management of applications and granting of student loans to successful applicants.
  • After being granted a loan, a student then signs a contract with BRD for the disbursement and recovery arrangements.

2. Education Investment projects

The Bank finances any project aimed at contributing towards enhancing access and quality of education in Rwanda.

  • private investors in the Technical and Vocational Education and Training (TVET);
  • selected general secondary education programmes;
  • Professional training programmes and higher education;
  • Providing support to other levels of education (e.g. Nursery) as long as they contribute to realization of Vision 2020, EDPRS 2 and Education Sector Strategic Plan.
  • The scope also includes loans to build schools, purchasing education equipment or education materials, and upgrading existing education related infrastructure.

3. Education Savings

The programme focuses on empowering savings for long term self-sustainability of the tertiary education financing scheme in order to increase enrollment for Post-Secondary Education.

4. Student loan recovery services

The Bank is mandated to recover all mature loans from past, present and future student loan beneficiaries.

  • Any loan beneficiary is  obliged to declare to her/his employer on whether he/she benefited from a student loan within 7 working days from the first date of employment.
  • The employer is on his/her side required to inform BRD about recruitment of a loan beneficiary within 7 working days after the employee’s declaration. The employer also has an obligation to deduct from the employee’s gross salary a monthly repayment installment following the repayment plan agreed upon between BRD and the beneficiary.
  • The amount deducted from the salary is deposited on the relevant bank accounts of BRD and the Employer is mandatorily required to make monthly declarations of the repayments made.
  • Similarly, any dismissal or resignation of loan beneficiary should be immediately notified by the employer to BRD.
  • The Concerned loan beneficiaries – are those who studied abroad or in Rwanda – on Government Student Loan Scheme since 1980, and who have not completed the mandatory repayment.

Key requirements to access BRD loans in the education sector

Student loans: (to sign a contract with BRD)

  • A Student should be on the published list of Rwanda Education Board/MINEDUC for students granted loans/bursaries.
  • A Student should have a valid student card and registered for studies for the concerned academic year.
  • A Student should have a duly filled Student’s Referee Undertaking Form.
  • A repeating/suspending/discontinued student does not get access to student loan for the academic year concerned.
  • For suspending students, they submit a letter duly signed by their higher learning institutions indicating official acceptance for suspension.
  • For repeating/suspending students, their loan/bursary is suspended until they send or their institutions send proof for promotion or reintegration.

Education Investment Projects:

  •  Feasibility study report for the education project.
  • Capacity to manage the project.
  • Adequate experience/expertise to manage the education project.
  • Adequate market share for the project profitability.
  • A minimum contribution varies between 30% and 50% of the total cost of the investment and according to the size of the project.
  • In case of expansion, the Bank can finance 100% of the investment needed.
  • At least 2 ha of the plot in order to allow future expansion.

Interest rates

Student Loans and Bursaries:

  • Undergraduates: the interest rate is 11%.
  • Postgraduate students: the interest rate is 12%.

Education Investment Projects:

  • Interest rate: 16% applied annually.
  • Service commission: 0.75% of the loan requested + 18% of VAT.
  • Management fee: 0.5+18% VAT of any disbursed and outstanding loan amount payable on each payment date.
  • Grace period: from 6 months to 12 months depending on the period needed.

Downloadable documents