HOME LOAN

Do you want to purchase/complete your residential property? Then accesses up to 100% finance to enable you realize your dream.

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Features and BenefitsPre-application ChecklistRequirementsApply NowCalculator and Details

Features and Benefits


1. Dedicated relationship manager
2. Competitive interest rates
3. Maximum amount is based on affordability
4. Partnerships with reputable developers and agents.
5. Loan repayment period of up to 25 years
6. Loan amounts of up to 80% of the Open market value
7. Mortgage protection cover (Life insurance) with flexible payments (annual premium). Insurance covers loan in case of death & permanent disability.
8. House owners’ comprehensive insurance to cover your property pledged as collateral 48hr response upon application
9. 14 working day time to money

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

Application Checklist for Home and Land Loans

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

Requirements


1. Copy of employment contract
2. Employment confirmation
3. Valid Identification (e.g., National Identity card, Passport, Work permit)
4. Mortgage related account
5. 3 passport photos
6. Completed loan application form
7. 6months latest account statements
8. 3 months latest pay slips
9. Copy of tenancy agreements (if it’s an income to be used to service the facility)
10. Copy of title on which the rentals are sited
11. Copy of title to be taken as collateral for valuation

1. Memorandum and articles of association
2. Latest Trading License
3. Business registration name ( sole traders)
4. Certificate of incorporation
5. Copy of latest 2-year annual returns
6. 2-year audited accounts with projections
7. 12 months bank statements

Note: All documents issued outside the country are to be notarized before the loan is disbursed

Additional requirements under construction

1. Copy of approved plans and structural drawings where applicable
2. Certified bills of quantities
3. Avail NEMA certificate for projects above 1bn

Additional requirements under purchases

1. Copy of Letter of offer / Sales agreement
2. Copy of approved plans

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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.