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