The Land Loan is specifically designed for land acquisition and property investment. With
competitive interest rates and flexible repayment terms, this loan helps KCCA staff
members secure land for residential or investment purposes, building wealth through
property ownership.
Features
- Eligible after 3 months of membership with the Cooperative
- Repayment installment must be within 50% of the member’s net pay
- Repayment period is up to 60 months (5 years)
- Loan amount is up to 3 times the member's current savings
- Interest rate is 13% per annum
- Loan insurance fee: 1% of the approved loan amount
- Loan processing charge: UGX 20,000
- Monthly repayments are deducted from the member’s salary
Benefits
- Competitive interest rate of 13% per annum
- Convenient salary deduction for repayments
- Flexible repayment period up to 5 years
- Build wealth through property ownership
- Accessible after just 3 months of membership
- Professional loan management and support
- Secure land for residential or investment purposes
Requirements
- Must be a KCCA staff member for at least 3 months
- Valid national ID or passport
- Completed land loan application form
- Land title or agreement of sale
- Land valuation report
- Salary slip or employment letter
- Bank statements for the last 3 months