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Construction Loans – Sky Financial Services

Construction Loans

These loans are used for renovations, procure materials and finishing construction of housing works. The target market is clients in real estate, all those with a construction project etc..

Our Golden Rule

Turn Around Time (one to three working days)

Work Efficiency Tip

For a quick Turn Around Time, come with all your supporting documents for proof of existence of business, cashflows and securities to be pledged

Loan Eligibility

Minimum Loan Amount (UGX 5,000,000), Maximum Loan Amount (UGX 20,000,000), Loan Term (3 – 12 months), Repayment Frequency (Monthly), Grace Period (1 month), Collateral (Land Titles, Land Agreements, Log Books for motor vehicles and motor cycles, House hold items – Chattels), Interest Rate (4% Per Month), Interest Method Computation (Flat Rate), Other Processing Fees (6% Loan Commitment Fees, 1% insurance fees, Loan Application Form – UGX 10,000, Loan Assessment Fees – UGX 20,000)

01. Create a Loan Payment account

Create a loan payment account at any of our branches of choice. Request for a Loan Application Form to file your request for the loan

02. Book an appointment to be Appraised

If found to meet the loan eligibility criteria, your loan will be processed and disbursed against your loan payment account for further management

03. Meet and approve your assistant

If found to meet the loan eligibility criteria, your loan will be processed and disbursed against your loan payment account for further management

Meet Our Team