GROWING HOUSE LOAN

For a maximum of 60 million shillings, access this loan to enable you construct/complete your House.

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Features and BenefitsPre-application ChecklistRequirementsApply NowCalculator and Details

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

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

Requirements


Proof of borrower’s income i.e. Letter from employer, pay slips for the last 2 months or a Bank statement for the last 12 months
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)

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
Sole proprietorship need certificates of registration and Bank statements for 2 years
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)

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    Loan FAQs & Details

    Must I have an account with you to qualify for a loan?

    Yes, you must have a savings account with us before you qualify for the loan. The account must also hold at least the equivalent of one installment of your loan repayment as minimum balance for you to qualify for any of our mortgages. For more information about our savings accounts please click here.

    What happens in case of change of employment?

    In case of change of employment we would expect you to communicate to us and let us know about your new employment so that the necessary arrangements can be done to enable you avoid arrears and make payment easier for you.

    Where can I find a Housing Finance Bank branch?

    In order to provide efficient, innovative, customer centric financial services so as to maximize stakeholder value we have several branches all over Uganda, click here to locate a branch near you.

    How do I qualify for a loan?

    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.

    Enjoy quick and flexible banking with our Mobile Banking App

    With only a few taps, get all your financial needs fulfilled through the HFB mobile app. It brings you convenient, fast, and secure banking on the go.