
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