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🏡 Buying or building a home in Uganda is a dream for many families, but the biggest challenge is often financing. Land and house prices in Kampala, Wakiso, Entebbe, and other fast-developing areas have risen, making mortgages and housing loans more important than ever.
In this guide, we’ll walk you through the best mortgage options in Uganda, the banks, microfinances, and SACCOs offering them, and what you should know before applying.
1. Housing Finance Bank | Uganda’s Home Loan Pioneer 🏦
Housing Finance Bank remains the most trusted bank when it comes to mortgages in Uganda.
Offers up to 20 years repayment period.
Interest rates usually range between 16% – 18% p.a. (may vary depending on market trends).
Provides loans for both buying ready houses and constructing new homes.
👉 Tip: Always ask about promotional mortgage rates. Sometimes Housing Finance Bank partners with developers for cheaper deals.
2. Stanbic Bank Uganda | Flexible Loan Packages 💳
Stanbic is popular for its flexible repayment structures.
Mortgages available for Ugandans and diaspora.
Can finance up to 80% of the property value.
Offers equity release loans, where you borrow against your existing house.
👉 Example: A client in Najjera used Stanbic’s equity release loan to renovate their rental apartments, boosting rental income.
3. Centenary Bank | Ideal for Middle-Income Earners 👨👩👧👦
Centenary offers affordable mortgage loans, especially for salaried employees.
Repayment periods up to 15 years.
Known for being friendly to teachers, civil servants, and middle-income earners.
Works well if you’re building gradually and need construction loans in phases.
4. dfcu Bank | Investment Property Financing 💼
If you’re looking at real estate as an investment, dfcu Bank is a great option.
Loans for apartments, rentals, and commercial properties.
Up to 75% financing on property value.
Often used by developers in areas like Entebbe, Naalya, Namugongo and Kira.
5. SACCOs and Microfinance Institutions | The Growing Alternative 🌍
Not everyone qualifies for bank mortgages due to strict salary or collateral requirements. SACCOs are stepping in as a more community-driven option.
Interest rates can be higher (20% – 24%), but approvals are easier.
Best for buying land in peri-urban areas like Matugga, Gayaza, Wakiso, and Mukono.
Example: Wazalendo SACCO supports UPDF members with land and housing loans.
Things to Check Before Taking a Mortgage 📝
Interest rates & hidden fees (processing fees, insurance, legal costs).
- Your property value – Know the current market value of your property, since it determines how much you can borrow. Learn how to value your property click
Loan tenure – the longer the term, the lower the installments, but higher the total cost.
Collateral requirements – most banks require land titles.
Income verification – ensure you have payslips, contracts, or business records.
Final Word 💡
Mortgages are a powerful way to own a home in Uganda, but you must choose wisely. Compare offers from different banks, negotiate, and understand every clause before signing.
If you need expert guidance or want to view mortgage-friendly properties, check our listings or contact 👉 EstateLad
Mortgage Calculator
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Mortgage interest rates in Uganda currently range between 15% – 20% per annum, depending on the bank, loan tenure, and borrower profile. Microfinance institutions and SACCOs may offer slightly higher rates but with more flexible access.
Compare lenders based on:
Interest rates
Loan tenure (number of years)
Down payment required
Processing fees
Flexibility for early repayment
Accessibility (banks vs SACCOs vs microfinance)
Commonly required documents include:
Proof of income (salary slips or business statements)
National ID or passport
Land title or sales agreement of the property
- Copy of approved building plans
Valuation report from an approved valuer
Bank statements (usually 6 months)
Yes. Banks like Housing Finance Bank and Stanbic Bank Uganda have Diaspora mortgage products that allow Ugandans abroad to access home loans, provided they can prove consistent income and meet legal documentation requirements.
Yes. Some banks finance buying ready-built houses, while others finance construction mortgages, where funds are released in phases as building progresses.
Yes. SACCOs and Microfinance Institutions like Pride Microfinance and FINCA Uganda offer micro-mortgages for home building or improvements. These typically have shorter repayment periods (3–7 years) compared to banks.
Most banks require at least a 10% - 30% down payment of the property value. For example, on a UGX 100 million house, you may need at least UGX 10 – 30 million upfront.
Mortgage repayment terms range from 5 years up to 20 years, depending on the bank or lender. SACCOs and Microfinance lenders usually offer shorter terms, 3 years to 7 years.
Some of the best mortgage loans in Uganda are offered by top banks such as Stanbic Bank, Housing Finance Bank, Centenary Bank, dfcu Bank, and Absa Uganda. These banks provide flexible options for buying or building a home, with different interest rates and repayment terms. The best choice depends on your income level, budget, and long-term goals. To find the most affordable mortgages in Uganda, it’s important to compare offers, interest rates, and hidden costs. Working with trusted real estate advisors in Kampala can also help you select the right mortgage tailored to your needs.
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