Home Loans
ABSA Bank Home Loan
Featured
- Amount: Upto UGX 2 billion or USD 500,000
- Loan Term: Up to 25 years (if you buy to live in) and 20 years (if you buy to let)
- Upto 2 Billion/ 30.000 USD
- Flexible repayment period of 25 years. (if you buy to live in)
- Flexible repayment period of 20 years (if you buy to let)
- Loan to value of up to 70°lo if u buy to let
- Loan-to-value ratio. of up to 85% if you buy to live in.
- Joint applications for husbands and wives.
- 4 Passport photos, passport / National I.D, B Klork I.D
- Bank Statement (Last 12 months)
- Proof of Income (Brecent salary slips)
- E-Tax Number (TIN Number)
- Loan statement.
- Proof of employment. (Contract / Appointment Letter.
- Loan application fee 30,000 UGX / 5 USD
- Arrangement fee of 3% of a minimum of 300k for USD loans or 2.51%
- Early repayment fee of 13%
- Mortgage protection cover (life & disability) 0.95%
- Property Insurance covering fire and destruction 0.25%
Cente Home Loan
- Amount: Upto 10 Billion
- Interest: 17%
- Loan Term: Upto 15 years
- Minimum Ugx 100,000 and maximum Ugx 30,000,000.
- Flexible repayment plan.
- Minimum loan repayment period of upto 36 months.
- Interest charged on declining balance.
- Home to improve.
- Security.
- Current or savings account.
- Loan processing fees.
- Ugandan national (proof of identity).
- Source of income.
- Financial card.
- Guaranter.
House Purchase Loan
Minimum age of entry is (5 years) and maximum is 6 years.
- 100% financing of property value in Ugx or USD.
- Big loan amounts of up to Ugx 10 billion.
- Flexible/convenient repayments.
- Insurance (no liability in case of property damage).
- Open Stanbic Bank account.
- Earning (salary, self-employed, rentals).
- Earn a minimum of Ugx 1,000,000.
- 21 years and above.
- Legal Fees:
- Stamp duty on transfer 1.5% of value (only applicable on title transfer during purchase of house or land).
- Stamp duty on mortgage 0.5% of loan amount.
- Related registration costs.
- Lawyer professional fees.
- Bank loan arrangement fee (1.15% of loan amount).
- Property Valuation:
- Professional fees of 0.025% of value.
- VAT.
- Boundary opening fees.
- Insurance:
- Property insurance.
- Life insurance.
Land purchase loan
- Amount: Upto Ugx 300 Million
- Interest: 17%
- Loan Term: Upto 15 years
- Loan amount of up to 300m.
- Adjustable repayments
- Liability (none) incase of incapacitation or death.
- Access service from dedicated Home loans department that throughout the process
- Linkage to reputable property dealers.
- Must open an account with Stanbic bank.
- Must be earning some money (salary/Self-employed/Rental or all the three)
- You must be a Ugandan citizen either living in Uganda or diaspora.
- For non-Ugandans, you must be living in Uganda with valid residency permit and or work permit.
- You should earn a minimum net monthly income of Ugx 300,000.
- Must be 21 years or older (but not older than 65 years on expiration of the loan).
- You must have a satisfactory credit bureau report.
- Legal fees (Lawyers fee, stamp duty on transfer 1.5% of value only applicable of title transfer during buying of land.
- Stamp duty on mortgage 0.51% of loan amount.
- Bank loan arrangement fees 1.1% of loan amount.
- Property valuation (professional fees of 0.25% value)
- VAT
- Boundary opening fees.
- Credit life Insurance