DEVELOPMENT BANK OF RWANDA (BRD) TARIFF 2022

FEE ITEM

PRICING

LENDING SERVICES

1

Interest rate on loans BRD Base rate + Risk premium (Base rate is reviewed quarterly and published officially on the BRD Website)

2

Service Commission Fee 1% of requested loan between Frw 50-1Bn;
0.75% of requested loan between Frw 1Bi (+1)-3Bn;
0.5% of requested loan above Frw 3Bn.

3

Commitment Fee 5% per annum on the planned undisbursed amount which shall start to accrue 60 days from date of signing loan agreement, and the following month from the date of planned drawdown, payable as per loan repayment plan.

4

Management Fee 0.1% per month for loans between Frw 50M-1Bn
0.08% per month for loans above Frw 1Bn; The above shall apply to any disbursed and outstanding loan amount, payable on each reimbursement date.

5

Penalty Fee 4% per month on any amount in arrears.
It is payable on each reimbursement date.

6

Restructuring Fee 1% of the amount to be restructured between Frw 0 -1Bn;
0.5% of the amount to be restructured above Frw 1Bn.

7

Prepayment Fee Up to 9% of the outstanding loan amount (purchased by other financial institutions).

8

Cancellation Fee 1% of the aggregate principal amount cancelled or not disbursed after loan contract signature.

9

Waiver Fee Frw 200,000 or equivalent USD/EUR for any material waiver in the signed loan agreement.

OTHER SERVICES

10

Confirmation fees (correspondences and certificates) Frw 21,186 per request.

11

Information fee on loan Frw 21,186 for each loan type requested and each year requested

 

TRADE FINANCE FOR BRD CLIENTS

1. GURANTEES

Bank guarantees (covered by cash collaterals) 0.5 % per quarter
Bank guarantees (covered by noncash collaterals) 1 % per quarter

2. IMPORT LETTER OF CREDIT

LC Issuing
Covered amount/Issuing commission 0.4%; Min Frw 30,000 per quarter
Non covered amount/Issuing commission 1%; Min Frw 50,000 per quarter
Acceptance fees
SWIFT charges (covered or uncovered) Frw 30,000 per SWIFT
LC amendment
amount/increasing commission 0.5% value of the outstanding LC amount
Covered amount/amendment commission 0.5% value of the outstanding LC amount
Non covered amount / amendment commission 1% value of the outstanding LC amount
Duration/extension commission
Covered amount / amendment commission 0.5% value of the outstanding LC amount
Non covered amount / amendment commission 1% value of the outstanding LC amount
Other LC modification (commission on covered or uncovered amount) Frw 30,000
SWIFT charges
Cancelling commission (covered or uncovered) Frw 30,000
Payment
Covered amount / payment commission 0.3%; Min Frw 30,000
Non covered amount / payment commission 0.3%; Min Frw 30,000
SWIFT charges (covered or uncovered) Frw 30,000
Exchange rate (covered or uncovered) Applicable Commercial Bank Exchange Rate

3. EXPORT LETTER OF CREDIT

Opening commission
Advising commissions Frw 25,000
Confirmation commissions 0.3%; Min Frw 50,000; Max Frw 200,000
Payment commissions 0.3%; Min Frw 50,000; Max Frw 300,000
Modification commissions Frw 15,000
SWIFT charges Frw 30,000

4. IMPORT DOCUMENTARY COLLECTION

Opening of import collection document Frw 30,000
Unpaid bills supervision Frw 10,000 monthly
Payment commissions 0.5%; Max Frw 250,000
SWIFT message Frw 30,000

5. EXPORT DOCUMENTARY COLLECTION

Opening of export collection document Frw 30,000
Payment receipt 0.5%; Max Frw 250,000
SWIFT message Frw 30,000

6. INTERNATIONAL TRANSFERS

Local transfers in USD Free
Outgoing transfers 0.3%; Min Frw 20,000; Max Frw 100,000
Incoming transfers 0.2%; Min Frw 5,000; Max Frw 25,000
SWIFT charges on transfers Frw 30,000

Trade finance tariff is exclusive of correspondent Bank Charges
Fees and charges on this Tariff are VAT Exclusive
This Tariff will take effect from 1st July 2022

Done at Kigali, 24th June 2022

Kampeta Sayinzoga
Chief Executive Officer

Click here to get BRD_Tariff_2022

Mission

A trusted strategic partner for Rwanda’s development that offers financial solutions for enhanced value to our stakeholders.

Vision

To be an innovative and sustainable provider of development finance for socio-economic impact.