This loan facility focuses on enabling members acquire property at favorable terms including interest rates.
- Loan amount of up to UGX 300 Million
- Competitive annual interest rate of 16% on reducing balance.
- Payable in five (5) years.
- Loan secured by title of the land
- Grace period: 6-8 months on principle only
- Enables members to acquire property for personal development.
- Loan is secured by land so no effect on savings or Defined Contributions Plan (DCP)
- Favorable interest rates
- Can be held with other loans.
- 25% in savings of the requested amount
- Copy of projected cash flows
- Tenancy agreements where rental income is to be considered plus proof of ownership.
- Collateral : Land title