Make your home dream come true with the dfcu Home Loans. This is ideal for buying a house, completing or renovating a house, equity release and refinancing.

Features

• Maximum amount is based on affordability
• Mortgage protection cover
• Attractive interest rates
• Maximum age is 65 years
• Equal installments paid by formally employed individuals
• Non equal payments paid by individuals with irregular cash flows.
• Available in UGX and USD currencies
• Repayment amount not more than 50% of net income
• Loan payable in 20 years for loan in UGX and 10 years for loan in USD

Benefits

• Long repayment period of up to 25 years
• High loan amounts of up to 85% of the Open market value
• Loan repayments of up to 50% of your ascertainable Net income
• Loan payable on a reducing balance basis in predictable equal monthly instalments
• Competitive interest rate.
• Dedicated relationship manager
• 48hrs response time.
• Time to money (14 working days)
• Maximum of 65 years

Requirements

Application Eligibility 

• Ugandans in diaspora
• Salaried Ugandan citizens, permanent residents, and expatriates
• Self-employed nationals working with well established businesses within Uganda.

Personal details:

• Completed and signed application form
• 3 colour passport sized photos
• Copy of Valid National ID / passport
• Financial card for the borrower
• Employment contract
• Copy of valid work permit for expatriates

Income details:

Salaried clients 

• 3 Color passport photos
• Financial card for the borrower
• Employment contract
• Copy of valid work permit for expatriates
• Pay slips for the last 3 months
• Latest 6 months Bank statement from other banks
• Loan statements where applicable

Note:  

All documents issued outside Uganda, must be notarized by a notary public of that location

Other income:

• Rental income – attach Tenancy agreements and copies of titles on which the rentals sit.

Self- employed customers

• 12 months bank account statements (Business and personal accounts)
• Partnership agreement showing profit sharing arrangements
• Certified copy of Certificate of Incorporation or business registration
• Copy of Valid practising certificate
• Valid Trading License
• Proof of ownership i.e., company form 7
• Memorandum and articles of association
• Financial cards for entity and borrower
• Latest Annual returns (for business/ companies)

 Property details:

• Copy of title deed. (For valuation)
• Approved building plans / Letter of commencement
• Bills of quantities (For construction
• Sale agreement/ letter of intent (for purchases)
• Consent to mortgage (for lease hold facilities)