Land Purchase Loan

We support you in building for your future. Whether you need land to build your own home or earn rental income with plots for multi-dwelling residential and investment commercial use, NCBA has the right financing solution for you.

Features

• Minimum plot size of 0.072 of an acre (40ft x 80ft), subject to meeting the restriction on minimum area size in the specified area.
• Maximum plot size of 2.5 acres.
• Minimum loan amount of UGX 5,000,000.
• Financing is for plots within Kampala metropolitan and major urban and rural areas within major towns.
• Loan-to-value ratio is based on the value or selling price of the plot, or whichever is lower.
• Financing of up to 70% of plots in Kampala borrowed in local currency.
• Up to 60% financing for plots in Kampala borrowed in foreign currency.
• Up to 60% financing for plots outside Kampala borrowed in local currency.
• Up to 60% financing for multi-residential plots in Kampala in local currency.
• Up to 50% financing for multi-residential plots in Kampala and other areas in foreign currency.
• Loan repayment period of up to 36 months for loans amount of UGX 5,000,000 to 35,000,000 (or foreign currency equivalent).
• Loan repayment period of up to 48 months for loans amount of UGX 35,000,000 to 75,000,000 (or foreign currency equivalent).
• Loan repayment period of up to 60 months for loans amount of UGX 75,000,000 and above.
• Agricultural land or plot is not accepted as security.
• Interest is calculated on a reducing balance basis.