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Construction Mortgage

This loan enables you to purchase 2 or more residential units to let.

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Features and Benefits

  • Long repayment period of up to 20 years
  • High loan amounts of up to 80% of the loan value
  • Loan repayments of up to 35% of your ascertainable gross income
  • Loan payable on a reducing balance basis in predictable equal monthly installments
  • Competitive interest rate

Pre-application checklist

  • Copy of a valid land title
  • Copy of approved building plans
  • Bills of quantities of the outstanding work (in case of construction)
  • Photographs of at least four elevations of the building
  • Copy of a sale agreement (in case of purchase)
  • Environmental impact Assessment report from National Environmental Authority ( NEMA) for projects of UGX 1 billion and above

What you need.

  • A valid land title and constructed under approved building plans.
  • Reliable source of income.
  • Identified property to purchase or one under construction.
  • Registered business.

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