Main features

• Application fee 10,000
  
  
• Interest rate is of 2.16% per month flat rate on loans between UGX100,000 to Ugshs3,000,000
  
  
• And 3.16% declining on loans above UGX3,000,000
  
  
• Financing clients to enable them purchase business and house hold assets
  
  
• Apart from school fees, all loans products have a limit of 20 million
• Apart from school fees loan, all loans have a maximum period of 24 months
• Insurance on all Loans against death and disability: 1% of loan disbursed on loans below one year and 1.5% of loans above one year.

Requirements

• Collateral in form of loan security fund and the asset purchased eg. land titles, log books, sales agreements, and collateral substitutes.
  
  
• Maximum loan size is UGX 100,000 to 10,000,000
  
  
• Repayment frequency is monthly with one month grace period
  
  
• 5-15% initial deposit refundable after loan repayment
  
  
• Loan Processing fee of 4%