Mortgage Loan

Buying your own home means comfort, security and a sense of belonging for you and your family. If you want to buy your own home we can help you make it happen with our unique home loan.

Standard Chartered Home Loan Benefits

Up to 80% of the value of your property*
Affordable Interest Rates - Standard Chartered Bank offers competitive interest rates
Long and flexible tenors of up to 25 years
High loan amounts of up to Ugx 800m
A 72 hour response to your home loan application or we pay you Ugx 50,000 per a day for every day that we delay.
Loans to cater for equity release, purchase, renovation and refinancing

Fees and other charges

Facility arrangement fee of 1.5% of loan amount. Payable upon acceptance of the banking facility letter
Legal costs and stamp duty depending on the loan amount and property value respectively
Fire (property) insurance
Mortgage protection insurance (fire and burglary) for the borrower
Valuation fees - this depends on the value of the property

Qualifying Criteria and Home Loan Requirements

Ugandan citizens, permanent residents and expatriates
Minimum age 21
Salaried customers meeting all the specified requirements
Employees and Directors of reputable companies and well established SMEs who are purchasing a residential property for owner occupation. (Must have demonstrable and verifiable monthly income for the past 12 months)
Professionals and consultants who earn a regular monthly income and are purchasing a residential property for owner occupation

Documentation required:

Duly completed and signed home loan application form
Original ID and copy of passport
3 passport size photographs
Copy of utility bill for current residential address
Certified bank statements for the last 12 months(for non-SCB customer)
Financial and / or management accounts for the self employed applicants.
Letter from employer (if applicable)
3 pay slips (original or copy certified by the employer)
Copy of title deed
Valuation report (to be done by the bank’s approved valuer after approval)
Sales agreement (for customers buying property)
Approved building plans
Spouse consent - this should be a declaration of marital status of the borrower coupled with a marriage certificate if married and mortgaging matrimonial property. A valid identification of the Borrowers spouse and passport photograph of the borrowers spouse.
Photocopy of the financial card
Proof of residence
Photographs of the property both internal and external
For applicants who are purchasing property, they need to avail the new TIN as a directive by URA for purposes of effecting transfer of property into their names
Please note that all the fees for the facility are to be picked upfront from the client’s account for those taking Home Purchases and Refinancing, whereas for Equity Release we can deduct the fees from the loan amount that the client is borrowing

Apply Now

Call us now on 0414340077/0312294444.

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Alternatively visit your nearest branch.