CenteLand
Short-to-medium- term loan designed for the purpose of financing land purchase, survey and registration. The loan is targeted at the economically active and or self-employed rural and/or urban low-to-moderate regular income earners, salaried employed persons, companies and or partnerships falling under the micro and retail segments. Survey and registration of land is undertaken by the Bank's accredited Land Surveyors who guarantee delivery of the land title or certificate of registration.
Main features:
- Loan attracts interest charged on a declining balance method·
- Minimum loan amount of UShs. 100,000·
- Maximum amount is limited to the assessed repayment capacity·
- Loan repayment through regular and equal monthly, bi-monthly, quarterly or
- Repayment period of a minimum of 3months up to a maximum of 5years·
- Grace period is not applicable·
- Flexible repayments aligned to the borrowers cash flow
staggered installments' including principal and interest·