Whether you need a short-term loan or are looking to buy property, NCBA will provide you access to the money you need. The NCBA loans are competitively priced with flexible payment options to fit your financial position.
1. Land Purchase Loan
Whether you need land to build your home or earn rental income with plots for multi-dwelling residential and investment commercial use, NCBA has the right financing solution.
Features
- Minimum plot size of 0.072 of an acre (40ft x 80ft), subject to meeting the restriction on minimum area size in the specified area.
- Maximum plot size of 2.5 acres.
- Minimum loan amount of UGX 5,000,000.
- Financing is for plots within Kampala metropolitan and major urban and rural areas within major towns.
- Loan-to-value ratio is based on the value or selling price of the plot, or whichever is lower.
- Financing of up to 70% of plots in Kampala borrowed in local currency.
- Up to 60% financing for plots in Kampala borrowed in foreign currency.
- Up to 60% financing for plots outside Kampala borrowed in local currency.
- Up to 60% financing for multi-residential plots in Kampala in local currency.
- Up to 50% financing for multi-residential plots in Kampala and other areas in foreign currency.
- Loan repayment period of up to 36 months for loans amount of UGX 5,000,000 to 35,000,000 (or foreign currency equivalent).
- Loan repayment period of up to 48 months for loans amount of UGX 35,000,000 to 75,000,000 (or foreign currency equivalent).
- Loan repayment period of up to 60 months for loans amount of UGX 75,000,000 and above.
- Agricultural land or plot is not accepted as security.
- Interest is calculated on a reducing balance basis.
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2. Construction Loan
Build your own home or become a landlord with up to 105% financing, depending on the project, and a repayment period of up to 25 years. This facility is available for alternative-income projects such as rental income.
Features
- Minimum loan amount of UGX 75,000,000.
- Up to 80% financing to construct a single residential unit.
- Up to 70% financing to construct investment residential single, or multi-dwelling units.
- Loan is based on Labor Contract and Full Contract.
- Loan is available in LCY and FCY.
- Maximum loan tenure of up to 25 years for local currency loans.
- Loan tenure of up to 20 years for foreign currency, up to 15 years for diaspora customers and up to 10 years for foreign nationals based in Uganda.
3. Mortgage Loan
Get up to 90% of the value of the ready or off-plan residential units you want to buy within Kampala metropolitan and major urban and rural areas within major towns. Becoming a home-owner is now an achievable goal with NCBA Bank, with flexible terms and repayment periods of up to 25 years.
Features
- Minimum loan amount of UGX 30,000,000.
- Maximum loan amount based on repayment ability.
- Loan repayment period of up to up to 25 years for loans in UGX.
- Loan repayment period of up to 20 years for foreign currency for Ugandan nationals working in the country.
- Loan repayment period of up to 20 years for foreign currency for Ugandan nationals working in the country.
- Loan repayment period of up to 15 years for foreign currency-denominated loans customers in the Diaspora.
- Loan repayment period of up to 10 years for non-Uganda nationals based in Uganda.
- Free mortgage Protection Insurance cover of mortgages up to UGX 700M, without need for medical checkup, retrenchment cover and social perils cover.
- Loan-to-value ratio is based on the value or selling price of the property, or whichever is lower.
- Financing of up to 90% of properties in Kampala or within the city council area.
- 70% mortgage financing for office space.
- 80% mortgage financing for diaspora customers.
- Available in USD, EUR, GBP and UGX, based on borrower’s income.
- Interest is calculated on a reducing balance basis.
4. Equity Release Loan
NCBA helps Unlock the value of your property with financing against an existing mortgage or on a property as collateral. Get up to 90% of your property’s value on single and investment residential units, and up to 80% of property value for residential multiple dwellings and investment commercial property.
Features
- Minimum amount of UGX 5,000,000 or foreign currency equivalent.
- Maximum repayment period of 25 years for loans in UGX and 20 years for foreign currency loans.
- Interest is calculated on a reducing basis.
- Agricultural land or plot is not accepted as security.
- Customer’s prevailing mortgage interest rate will apply.
5. Car Loans
Get up to 90% financing to buy your dream car. NCBA car loans make it possible for you to buy new and used cars, with competitive rates and favorable repayment terms.
Features
- Maximum car age of 10 years.
- Loan is available in USD, EUR, GBP or UGX.
- Up to 90% financing on new cars.
- Up to 80% financing on used cars.
- Maximum repayment period of 5 years for new cars, and 4 years for used cars.
- Interest is calculated on a reducing balance basis.
- Comprehensive car insurance at 5% of the value of the vehicle to be paid annually, arranged through NCBA Insurance Agency.
6. Asset Finance
NCBA Asset Financing provides tailor-made asset finance solutions. Get approval for your loan in no time, with simple documentation that means no hidden costs. On top of that, you have convenient banking with a personal Relationship Manager and favorable payment terms.
NCBA offers loans for the following products amongst others:
Features
- Commercial vehicles
- PSV Vehicles
- Buses
- Trucks and pick-ups
- Tractors and related implements
- School buses
- Office equipment
- Contractor equipment
- Industrial equipment
- Medical and Laboratory equipment
7. Insurance Premium Financing
Pay your insurance premiums in smaller amounts rather than the lump sum on your insurance quote. Insurance Premium Financing through NCBA Insurance Agency is quick, easy to apply with simple documentation, and has no hidden fees. Examples of this insurance coverage include but are not limited to; Life insurance, Motor comprehensive, Travel insurance, Goods in Transit, Agriculture insurance, and Domestic Insurance.
Features
- IPF is available for all types of insurance that are renewed annually.
- Minimum repayment period of 4 months and a maximum of 10 months.
- Available for both account holders and non-account holders.
8. Personal Secured Loans
Acquire assets, accomplish your goals, and move further with secured and unsecured personal loans custom-made to suit your lifestyle. The NCBA-secured loans offer you the option to use cash, land, movable assets, Treasury Bills Bonds, and Unit Trusts as collateral.
Features
- Minimum net salary of UGX 1,000,000 for residents of Kampala and its environs.
- Minimum net salary of UGX 750,000 for upcountry residents.
- Loans are available in UGX and major foreign currencies.
- Minimum loan amount of UGX 1,000,000 depending on collateral.
- A repayment period of up to 60 months depending on collateral.
- The debt-to-income ratio must be less than 50%.
- One must have been a customer of NCBA or any other licensed bank for at least 6 months.
9. Personal Unsecured loans
For when you need financing for your personal needs but prefer not to secure the loan with collateral.
Features
- Minimum Gross salary of UGX 1,800,000 for residents of Kampala and its environs.
- Minimum Gross salary of UGX 1,500,000 for upcountry residents.
- Minimum loan amount of UGX 1,000,000 and maximum of UGX 150,000,000 or foreign currency equivalent.
- Maximum loan repayment period of up to 84 months.
- Maximum age of 60 years at the end of the repayment period.
- Must have a banking history with a licensed financial institution for at least 6 months.
- Loan is available in UGX and major foreign currencies.
Temporary Overdrafts
Bridge your cash needs when faced with emergencies such as delayed payment.
Our temporary overdraft options include:
- Approvals against uncleared funds i.e. payment against cheques that are not yet cleared.
- Daylight overdrafts i.e. disbursements of funds during the day prior to planned receipt of available funds on the same day.
Features
- Overdraft is limited to a maximum of 30 days.
- Maximum limit of up to UGX 20,000,000 on an unsecured overdraft.
- Must have held an account with NCBA Bank for at least a year.
- Available in UGX and major foreign currencies.
- Salary must be channeled through the bank or an overdraft must be secured.
- Interest is charged only on withdrawn funds.
