• Provision of funding for the incremental home building needs including; house purchase, land purchase, incremental home construction, home improvements, solar installations etc.
• Loan amount from UGX 200,000 to UGX 30M
• Loan duration of up to 3 years
• Flexible loan repayment period of either monthly or quarterly based on the customer’s income cycle.
• Housing Support Services in form of general building information, home building best practices, utility connection process etc. will be provided

Benefits:

• Flexible credit for incremental building needs
• Flexible nature of securities acceptable to the bank.
• Flexible repayment period based on customers’ income cycle.
• Basic housing support services provided by the Bank.

Basic requirements include:

• Valid Identification
• CRB financial card
• Proof of reliable source of income
• Security in form of land title, sales agreements, machinery and chattels
• In case of construction; a house plan for titled land and development fee receipts for kabaka’s land
• For kibanja agreements, registration with BLB will be required
• For construction/ home improvements; BOQs (not necessarily by a professional) will be required where necessary
• Suitable guarantor who holds an account and is credit worth
• In case of informal land leases, security must be owned by the borrower with a minimum tenor not less than the loan term