Tropical BLB Title Process Loan

Surveyor

Are you a ‘Kibanja’ land owner? Our BLB title processing loan makes you the eligible owner by facilitating the processing of the original land title certificate from the Buganda Land Board.

TARGET MARKET

  • Permanent salaried employees from reputable organisations
  • Self employed persons with established and consistent sources of income

MARKET REQUIREMENTS

  • Must have an account with Tropical Bank
  • For new applicants, six months statements from previous bank
  • Copy of terms of employment, or proof of consistent source of income
  • Recommendation from the Buganda Land Board to the Bank stipulating the plot to be processed and the amounts required to acquire the title
  • A valuation report from the Bank’s approved valuers
  • CRB financial card reference number

LOAN AMOUNTS AND OTHER MODALITIES

 

  • Loan amounts range from UGX 2 million to UGX 10 million
  • Repayable within 3 to 12 months
  • After final processing of the title, it will be handed over to the Bank for registration of legal mortgage

COLLATERAL

  • Legal Mortgage on certificate of title procesed using the facility

BENEFITS

  • It makes you the legitimate owner of the Kibanja plot
  • The land title certificate can be used as collateral to borrow other facilities
  • Attractive interest rates
  • Early repayment allowed, without any charge or penalty