The tariff of BRD services is applicable in 2021.

DEVELOPMENT BANK OF RWANDA (BRD) TARIFF 2021
# FEE ITEM PRICING
  LENDING SERVICES
1 Interest rate on loans BRD Base rate + Risk premium (Base rate is  reviewed quartely and Published officially on the BRD Website)
2 Service Commission Fee 1% of requested loan between Rwf 50-1Bn;

0.75% of requested loan between Rwf 1Bi (+1)-3Bn;

0.5% of requested loan above Rwf 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 Rwf 50M-1Bn
0.08% per month for loans above 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. 50% payment upfront.
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 Rwf 200,000 or equivalent USD/EUR for any material waiver in the signed loan agreement.
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 25,000 per SWIFT
LC amendment
amount/increasing commission
Covered amount/amendment commission 0.5% per amendment
Non covered amount / amendment commission 1% per amendment
Duration/extension commission
Covered amount / amendment commission 0.5% per amendment
Non covered amount / amendment commission 1% per amendment
Other LC modification (commission on covered or uncovered amount) FRW 25,000
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 25,000
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 FRW300,000
Modification commissions FRW 15,000
SWIFT charges FRW 25,000
4. IMPORT DOCUMENTARY COLLECTION 
Opening of import collection document FRW 10,000
Unpaid bills supervision FRW 10,000 monthly
Payment commissions 0.5%; Max FRW 250,000
SWIFT message FRW 10,000
5. EXPORT DOCUMENTARY COLLECTION
Opening of export collection document FRW 10,000
Payment receipt 0.5%; Max FRW 250,000
SWIFT message FRW 10,000
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 10,000

 

This tariff will take effect from 16th September 2021

Done at Kigali, 16th September 2021

Kampeta Sayinzoga

Chief Executive Officer

Click here to get BRD_Tariff_2021

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.