Consumption Loans Home improvement, School fees, Water and Sanitation

Main Features

•  Application fee UGX 10,000.
  
  
•  Interest charged 2.16% per month flat rate on loans between UGX 100.000 to 3.000.000.
  
  
•  Loan period is between 1 and 18 months, for school fees loan period is 8 months.
  
  
• Maximum loan size is UGX 100,000-10,000,000.
  
  
• Repayment frequency is monthly with one month grace period
• 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 physical item eg. land titles, log books, sales agreements and collateral substitutes
  
  
• 5-10% initial deposit (refundable after loan repayment).
  
  
• Loan processing fee of 4%