In a bid to grow its Home Loans portfolio, dfcu Bank has today enhanced its relationship with property developers by accrediting them.
The event that took place at the dfcu Bank offices at the dfcu Towers in Nakasero, saw various property developers in the country turn up for the annual Accreditation of Property Developers in Uganda.
As part of the accreditation process, dfcu bank will offer free monthly Home Loans training to all sales personnel of real estate developers. This will increase their closing chances by 80% as well as grow their network base across the country.
Speaking at the accreditation ceremony, dfcu Bank's Head of Consumer Banking Denis Kibukamusoke said; “As part of this program, dfcu Bank will offer the developers an opportunity to cross sell to its customer base of close to one million clients across its 67 branches.”
“The property developers will have an opportunity to network with our accredited service providers that include lawyers and insurance providers who could offer their end clients discounted rates. This will increase their sales and profitability while untying their capital invested,” he added.
Denis Kibukamusoke also announced a reduction in the loan interest rate from 20% to 17%, making it possible for more people to access home loans. With an unlimited loan amount and customers able to receive an indicative offer within 24 hours of providing a financial card and bank statement, this is by far the best offer in the market.
The enhanced Home Loans service will allow property developers give feedback within 24 hours of receiving a lead; provide an indicative offer within 24 hours of receiving a financial card and bank statement and get an approval for a client within two days of receiving complete documentation. In addition, dfcu Bank will get developers funds within 10 working days of receiving complete documentation from the clients.