Home Improvement Loans
Short term loan with both regular and irregular repayments targeted at home owners with regular income earnings for the purpose of financing home improvement either through construction/ renovation residential/commercial houses, erecting of perimeter wall/fence, installation of power and energy systems, kitchenettes, water supply and sanitation systems and building of latrines.
- Interest charged on declining balance
- Minimum loan amount is UShs. 100,000/=
- Maximum loan amount is UShs. 30 million
- Regular and flexible loan repayment plans.
- Maximum loan period of up to 36 months.
- Saving or Current account with the bank
- Applicant must have a home to improve.
- Security for the loan.
- Applicant must be resident in the branch designated area of operation.
- Applicant must possess good source of income for repaying the loan.
- Application fee of UShs. 15,000/=.
- Commitment fee of 2% of loan amount.
- Fast and easiest way to improve homes.
- Improves living conditions of customers.
- Manageable loan installments.
- Competitive interest rate.