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Property Loans
Residential Mortgage
NCBA is here to help you get your dream home. With flexible repayment terms, competitive pricing and up to 80% financing, becoming a homeowner is now an achievable goal.
Features
- Loan financing amount of up to 80% for either property purchase or construction loans.
- Mortgage repayment periods of up to 20 years.
- Maximum applicable interest rate of 16% per annum.
Income Generating Mortgage
This is a loan product available to individuals or companies that would like to finance properties for rental purposes.
Build or purchase property and become a landlord with up to 70% financing, depending on the project.
Features
- Financing is according to the collateral value of property.
- Repayment period of up to 10 years.
- Maximum applicable interest rate of 16% per annum.
Mortgage 105%
This is a home ownership solution tailored for 1st-time homeowners and those seeking to invest in another primary residence. With this home ownership financing solution, you can buy or build a new home with financing up to 105% of the property value.
If you are an aspiring first-time homeowner, NCBA’s 105% Mortgage is your number ONE option. Set aside your deposit for that special side hustle and build your business, our 105% mortgage finance makes it all possible.
Benefits include:
- No down payment/deposit required.
- Repayment period of up to 20 years.
- A pre-approved VISA credit card to assist with all other household requirements.
- Insurance Covers and we also cater for the bank charges with this solution
Requirements
To qualify for Mortgage 105%, you must have
- Proof of source of payment for the requested loan (Salary or business proceeds)
- Property valuation report (to be bought or built)
- Identification
- Provisional sales agreement from the seller
- Financial statements for the last 3 years (For business owners)
- Company profile for business owners
- Employment contract (Salary earners)
- Payslip for the last 3 months (salary earners)
- Bank statements for the last 12 months
- Construction permit
- Bills of quantities
Note: The loan approval process takes a maximum of 4 days after receiving all required documents.
Real Estate Finance Loan
Get up to 90% of the value of the ready or off-plan residential units you are looking to buy within Kampala metropolitan and major urban and rural areas within major towns.
Becoming a home-owner is now an achievable goal with NCBA Bank, with flexible terms and repayment periods of up to 25 years.
Features
- Financing is up to 70% of the cost of construction.
- Flexible terms and repayment periods tailored specifically to your project.
- Loan amount is determined by business financing needs and serviceability.
- Repayment period of up to 60 months on construction loans.
- Repayment period of up to 60 months on property purchase loans.
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