What is a Bank?
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans.
Best Bank For Home Loans In Uganda
Standard Chartered Bank
Housing Finance Mortgage Loans
Centenary Bank
Absa Bank formerly Barclays Bank
Stanbic Bank
Post Bank Uganda
Bank of Baroda
CBA Bank Uganda
Bank of Africa Mortgage
What is required for Bank For Home Loans In Uganda?
Salaried individual’s specific requirements: Copy of employment contract, appointment, and confirmation letters. Employer letter of undertaking.
3 months’ salary account bank statement. Employees authority to offset loan (for those borrowed in other banks)
What is the maximum interest rate for money lenders in Uganda?
Interest rates are generally determined by the market; however, the Money lenders Act prohibits harsh and unconscionable interest rates.
The Act prohibits interest rates that exceed 24% per annum.