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Housing and Corporate Housing Loan

It can either be a personal loan or business loan

HOUSING LOAN: Loan amount is below UGX 50,000,000.

CORPORATE HOUSING LOAN: Loan amount is beyond UGX 50,000,000.

PURPOSE.

To buy land or develop land (build).

REQUIREMENTS: (Individual)

  • 2 Passport size photographs.
  • National ID (for Ugandans) or Valid Passport, Visa and Work permit (for foreigners).
  • Appointment letter from work and work ID (for employees).
  • Proof of business ownership for self-employed people.
  • Pay slips from work or receipts (business) for the last 3 months.
  • Bank statement or Mobile Money Statement for the last 6 months.
  • Financial Card.
  • Security;
  • For developing Land: Land Title in the names of the borrower.
  • For buying Land: Land Title in the names of seller and Land Sale Agreement
  • Bills of quantities (for developing the land).
  • Copy of the building plan (for developing the land).
  • Land Valuation Report done by Yako Bank Valuer (Costs incurred by the borrower).
  • Cheques (6).
  • 2 Guarantors (Guarantor requirements)
  • Cheques (in case the borrower does not have cheques).
  • National ID (for Ugandans) or Valid Passport, Visa and Work permit (for foreigners).
  • 1 passport photo each
  • Savings Account with Yako Bank

REQUIREMENTS: (Company)

  • Certificate of Incorporation or Registration.
  • Memorandum and Articles of Association.
  • Form 7, 18 and 20.
  • Partnership deed in case of a partnership.
  • Board resolution (account opening and loan with Yako Bank) registered with URSB.
  • Trading license (valid).
  • Tax Certificate.
  • Audited Books of Accounts.
  • Bank statement or financial statements for the last 6 months.
  • Proof of works done and current works e.g., contacts.
  • Company Debenture Form.
  • Financial Cards (for the company and its directors).
  • Company Cheques (6).
  • National IDs of directors (for nationals), or valid passport, visa and work permit (for foreigners).
  • Passport size photos (2 each) for the directors/signatories to the account.
  • Security;
  • For developing Land: Land Title in the names of the borrower.
  • For buying Land: Land Title in the names of seller and Land Sale Agreement.
  • Bills of quantities (for developing the land).
  • Copy of the building plan (for developing the land).
  • Land Valuation Report done by Yako Bank Valuer (Costs incurred by the borrower).
  • 2 Guarantors (Guarantor requirements).
  • Cheques (in case the borrower does not have cheques).
  • National ID (for Ugandans) or Valid Passport, Visa and Work permit (for foreigners).
  • 1 passport photo each.
  • Company Savings Account with Yako Bank