Mortgage Home Loan
An asset financing product with goal of enabling our customers purchase or complete their residential property and more.
This is an asset financing product with goal of enabling our customers; purchase or complete their residential property, purchase of land, carry out home improvement, home extension and home construction.
This loan can be used for purchase or completion of a residential property, purchase of land, home improvement, refinance, home extension or home construction.
This loan is available to both salaried and non-salaried customers with a verifiable source of income.
- Multipurpose offer that covers House purchase, Construction, Completion, Renovation, Equity Release, Land Acquisition and Refinance.
- Discounted interest rates
- Flexible repayment periods of up to 25 years
- Financing options of up to 100% Value of property
- Loan amounts of up to UGX1BN or USD 300,000
- Discounted property valuation costs
- Employer letter of Undertaking (Salaried individuals
- Complete loan application form (provided by the bank)
- Employee latest pay slip
- Copy of Financial card
- Copy of employment contract, Appointment and confirmation letters
- 6 months Bank statement for staff not banking with Bank of Africa
- 6 months loan statement for staff servicing loans with other banks
- Employees Authority to offset loan(for those borrowed in other banks)
- Key Facts Document (KFD) duly completed(provided by the bank)
- Valuation report
- Approved Plans
- 6 months bank salary statement
- Sale agreement of property if it is a Purchase
- Copy of Bills of Quantities for construction or Renovation
- Proof of extra income If any