StanbicBankUgandaLimited

Homeloanproducts
1. PropertyPurchase
Financeupto80%ofthelowermarketvalueorpropertypriceforpurchase,&70%forUSD
(Note:Fordiasporawefinanceup70%ofthepropertyvalueinUgx&Usd)
2. EquityRelease
Finance70%oftheMarketValueforEquityRelease
3. Completion
Financeupto80%oncompletionfacilities(Propertybeingfinancedshouldbeatrooflevel
4. Refinance
Financeupto80%ofthemarketvalueoftheproperty.
ProductFeatures:
Repaymentperiodupto20years.(dependentonage,max.is65years)
Monthly repayment should not exceed 50% (salary earners) and 50% (business
clients)ofnetincomeamortizedloanrepaidinfull,overagreedperiod.
Interestrate(prime)20.5%forUGX&14.25%forUSD
Collateraltitleofproperty.
Insurancehomeowners&mortgageprotectioncover(life)
Generalrequirements
Propertydetails
Valuationofproperty.(Uponapproval)
Copyoftitleofproperty.
Preliminarysaleagreement(Purchasecase)
Billsofquantities(Forbuildingloan/Completion)
ApprovedPlan
Identification
2passportsizephotos.
.CopyofpassportandEmployeeIdentitycard.
Proofofresidencye.g.utilitybill,letterfromlocalLC.
Workpermit(inthecaseofanexpatriate).
Specificrequirements
a) Salariedclients
Bankstatementsfromthelast6monthsfornonstanbicclients,and3monthsfor
Stanbicclients.(ForDiasporathesehavegottobenotarized)
Proofofemploymenti.e.letterfromemployer
Copyofcontract/appointmentletter.(ForDiasporathesehavegottobenotarized)
Copiesof3consecutivemonthspayslipsstartingwiththemostrecent.
Proofofotherincomee.g.tenancyagreements
Copyoffinancialcard
b) Nonsalariedclients
Auditedaccountsfortwoyearsofyourbusiness.
Bankstatementsfromthelastoneyear.
Registrationcertificate.
CompanyForm7(showingdirectorsandsecretaryofthecompany).
Articlesofassociationofthecompany,includingcompanyform7.
Cashflowprojectionsfor2years.
Taxreceipts/certificates.