CenteHome Loan
Product Features
- Loan amount: Up to UShs. 50 million.
- Repayment period: Maximum of 60 months.
- Repayment can be monthly, termly, or quarterly, depending on your cash flow streams.
- Insurance premium of 0.45% of the loan amount.
- Application fee of UShs. 20,000.
- Processing fees of 2% one off.
- Flexible grace period where applicable.
- Customer contribution: At least 20% of the amount applied for. This can be in form of materials like bricks, stones etc.
Benefits
- No monitoring fees.
- Flexible payment plan.
- Helps clients to own a descent home.
Requirements
- A bank account with Centenary Bank.
- National ID.
- Security: Land to be developed (Kibanja or with title).
- House implementation plan.
- Completed loan application form
- Applicant must be resident in the branch designated area of operation.
- Verifiable source of regular and reliable income(s) to service loan
- Loan Security margin (LSM) of 125%·