MayFord - Construction Loan

Take advantage of the equity in your property to finance your construction needs not exceeding 60% of the property value

Key Benefits: Customers will be able to secure their land through acquisition of titles, Access to other products using acquired titles as security

Other Benefits: Loan repayments of up to 35% of your ascertainable gross income. Loan payable on a reducing balance basis in predictable equal monthly installments.


This loan can be accessed in one of the two ways:

1: This is where you can start with buying land and later come back and borrow for foundation, wall plate etc. until you have completed your structure.

2: This is where you can start with one or two rooms then come back and add more rooms at a later stage until you have completed the entire structure.

Apply for loan

Get financing for whatever you need now

Achieve all your goals and aspirations; with the right kind of help, exactly when you need it.

Building Construction

Get a Construction Loan at basic interest rates from May Ford Limited. You can apply online and check your eligibility and easy EMI. Fast Approval for your construction loan.

Housing Conversion

A conversion loan is a scheme for those who have already taken a housing loan. This loan follow some rules and regulations.It is a part of loan.

Land Purchase

MayFord offers loan for land purchase to make your construction project a reality. Apply for a Construction Loan Today.

Construction Renovation

Get instant approval for renovation your home. Mayford Introduces a home improvement loan. It is with basic rate and flexible EMI repayment.For more detail you can check our loan products.

Get financing for whatever you need now

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Features of Our Construction Loan

Long repayment period of up to 10 years. High loan amounts of up to 80% of the loan value

Salaried & Self Employed

This loan facility can be for salaried and business people

Access Other MayFord Facilities

You can access other MayFord falities with the tittle acquired

Housing / Construction Loans For Low Interest

Our loan rates and charges are very attractive

Long Term

Loan can be for as long as 5 - 10 Years

Housing / Construction Loan - Eligibility

Any salaried, self-employed or professional Public and Privat companies, Government sector employees including Public Sector is eligible for the Housing / Construction loan.

Age

Maximum age of applicant at loan maturity: 60 years

Income

Minimum Net Monthly Income: Ugx 1,000,000

Credit Rating

Applicant should have the bank specified credit score.

Frequently Ask Questions

If you have a question that deals with clients, customers or the public in general, there is bound to be a need for the FAQ page.

We accept early repayments. Fees and Waivers at point of repayment can be discussed with our loans department

At any point as you service your loan we allow for refinancing. This would be inform of recapitalisation funds to add onto the ealier loan taken

You are eligible to apply for the business loan once you meet the requirements below

  • Formal Application stating the amount, purpose, tenor, source of repayment and proposed security.
  • Audited accounts for at least three financial years, prepared by a Certified Public Accountant, with an unqualified opinion.
  • Management Accounts for the most recent concluded month.
  • Projected Cash flows for the period of financing.
  • Valuation report for the property/ assets to be pledged as collateral.
  • Business Plan/ Updated Company/ Business profile.
  • Any other information as may be requested by us, depending on the nature of the request.

CROWN HOUSE First Floor - Room 4, Plot4A, Kampala Road, P.O Box 508 Kampala, KAMPALA-CENTRAL DIVISION

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Now apply for a Car Loan online, All you need to do is provide your details below application form.

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