PURCHASE MORTGAGE

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

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Features and BenefitsPre-application ChecklistRequirementsApply NowCalculator and Details

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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    Please tell us about yourself

    Calculator and Details

    Loan Calculator

    Please fill in the following information for an estimation of your repayment amount. Housing Finance Bank reserves the right to determine the final interest rate.

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    Key Features and Charges

    A Mortgage in legal terms refers to ‘the conveyance of title (legal or equitable interest) in real property by borrower to lender for repayment of money or loan. Which simply means that; A Housing Finance Bank Ltd. mortgage is an agreement in which money is lent to a borrower, for home construction, or purchase, buying urban plots or commercial property, using that very property as security.

    Required Documents

    It is easy all you need is:

    • Have an account with us
    • Ascertainable monthly income
    • Have copy of the land title
    • Copy of approved building plans
    • Bills of quantities of outstanding work
    • Photographs of four elevations of the building

    For more information on the various types of loans click here.

    Terms and Conditions

    Loan Terms and Conditions

    Fees and Charges

    Get In Touch

    The property must have a valid land title and building plans with local authority approval Construction must be in permanent materials and the buildings serviced /to be serviced with water and electricity.

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    We are here to bring you convenient, fast and secure banking on the go with only a few taps to get all your financial needs fulfilled through the Housing Finance Bank app