Main features

• Application fee 20,000
  
  
• Interest rate is of 3.16% per month reducing balance
  
  
• Financing clients to enable them purchase business and house hold assets
  
  
• Maximum loan size is UGX 100,000 to 30,000,000
  
  
• Loan Penalty: 10% of all amounts due per month
  
  
• 1% Insurance on all Loans against death and disability.
  
  
• Repayment frequency is monthly with one month grace period if requested by the client.

Requirements

• Application fee 20,000
  
  
• Collateral in form of loan security fund and the asset purchased eg. land titles, log books, sales agreements, and collateral substitutes..
  
  
• 1% Insurance on all Loans against death and disability.
  
  
• 5% initial deposit (refundable after loan repayment)
  
  
• 4% Loan Processing fee
  
  
• Credit Reference Bureau Report