Dfcu unveils a home loans campaign

Kampala, Uganda | THE INDEPENDENT | Dfcu bank has launched a home loans campaign- aimed at driving up home ownership among its customer base in Uganda and the Diaspora, through provision of affordable financing solutions.

The enhanced proposition gives existing and potential customers the option to purchase homes at an interest rate of 16% per annum for Uganda shilling denominated loans and 8% per annum for US Dollar loans. Customers can also access 60% of the eligible loan amount when purchasing Homes from dfcu’s known real estate development partners.

For purchase of land, the Bank is offering Personal Secured Loans at a 16.5% interest rate. Additionally, the Bank will not charge fees for loan buy outs and will also provide customers with a 30-day grace period for a month of their choice.

Uganda has the third-highest population growth rate in Africa and a significantly high rural to urban migration. These trends underline the need for more housing units.

According to Miranda Bageine Musoke, dfcu Bank’s Head of Personal Banking, this campaign seeks to empower individuals and businesses who are keen on making Home Ownership a reality. “Through this campaign, dfcu Bank has created options for home ownership that include access to properties purchased from our Estate Developer partners, access to Home Loans funding to purchase properties of their choice or access to a Secured Personal Loan to purchase land.