Unsecured salary loans of up to UGX 400 million processed
in just48 hours
Product Features
Win an All-Expense Paid Trip!
Unlock more opportunities with your salary! Move your salary account or loan to Housing Finance Bank and enter a draw to win an all-expenses-paid trip.
Basic Requirements
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.
It is easy all you need is:
For more information on the various types of loans click here.
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.
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.
To be sure that your mortgage is affordable, the amount we lend you must have a monthly repayment not exceeding 35% of your ascertainable income for mortages and 40% for the swift loan. Where your regular income is not sufficient, additional security may be required.
The applicant may be a Ugandan resident or non-resident. The residents may be individuals, companies, and joint applicants such as couples and or employees of corporate organisations. For joint applicants, joint incomes or cash flows are considered and the property title is registered jointly.
Employees of corporate organisations are covered under the Corporate Staff Mortgage
Ugandans living and working in the diaspora must:
Self-employed individuals will be required to submit audited accounts for the last two financial years together with business particulars such as Memorandum and Articles of Association, Certificate of Incorporation, and Company returns.
Currently, we loan a minimum of Uganda Shs. 5million, depending on the property location and value. The loan available will not exceed 70% for residential units in Kampala, 60% for urban plot and 50% residential units in other towns, of the property value as given by our valuer.
It will take you up to 20 years to repay the mortgage loan in case of a housing mortgage, 5 years in case of an urban plot, and 10 years for commercial properties.
We take a first legal mortgage on the financed property. We also insure the property against fire and other forms of damage at your cost.
Our interest rates are determined by the market conditions and HFB’s source of funds. Currently our rates are 16% p.a for residential Units and 18% for commercial units and urban plots.
On application you pay application and valuation fees. You will also meet the costs of preparing and registering the mortgage.
We would like to maintain a client relationship with you at all times. It would therefore be very important for you to communicate consistently with us and let us know about your loss of job or any other financial strain so that our professional staff can offer you timely advise.
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.
Swift Loan is a personal loan extended to salary earners and may be used to purchase vehicles, furniture, pay school fees and meet any other personal needs.
The head Office is Located on Plot 4 Wampewo Avenue in Kololo. Telephone: +256- 414- 259651/2
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.
