August 3, 2018—Stanbic Bank Uganda (SBU) will on Monday August 6, 2018, launch a new financing product in partnership with the Buganda Land Board (BLB) aimed at helping occupants on the Kabaka’s land acquire titles.
Details of the new scheme are to be announced next week, but according to sources, once applicants get approval SBU will provide the money to acquire the lease hold title. The client can also get more funds as equity release or fund completion of a house once the title has been delivered to the bank.
This latest SBU product is available to both salaried and self-employed (business) customers. Repayment periods will go up to 24 months and the entire loan process to disbursement will last no longer than 48 hours.