Some of the requirements needed before you can apply for a mortgage include:
- 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
Proof of borrower’s income
- Letter from employer if self employed, pay slip for the last 2 month or a Bank statement for the last 12 months
- Companies have to present audited financial statements, certificate of incorporation, memorandum and articles of Association, copy of Form 7 and a Bank statement of 2 years
Applicant’s details
- Completed application form
- Copy of financial card, valid ID and passport photos
- Spousal consent or statutory declaration for marital status
- Certified copies of Company founding documents (in case of self-employed applicants)
