Mortgage financing in Uganda

Mortgage financing is one of the easiest way to buy real estate properties with no money or little money by using funds borrowed from legally recognized financial institution in Uganda . These banks will always like borrowers to have a good credit history and the best of all is to have an account with that bank your are willing to borrow from for your land or home purchase. And different banks have got different requirements required to access mortgages. Below are some financial institutions offering the service and interests and loan terms.

Housing financing bank

18% Interest up to 30 years

Centanary Bank

19.5% interest up to 10 years

ABSA Banks

20% interest up to 10 years

Stanbic Bank

17.5% interest up to 20 years and can do 100% financing.

Exim Bank

22.5% commercial loan/ personal loan

Cairo Bank

17% interest up to 10 years.

DFCU BANK

19% Interest rate, partly or wholly negotiable

Finance Trust Bank

21% interest rate up to 5 years, financing up to 70% of the mortgage

Most of these mortgages are negotiable in terms payment and terms , there can shortened when agree to pay  at once.

In Uganda, we have got more than 20 commercial banks that can give loans but not specific mortgages, but can give you business or commercial loans and its up to you to use that money to finance for your land or home purchase.

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