Personal Development Loans (School fees, Water and Sanitation)

Main Features

•  Application fee UGX 20,000.
  
  
•  Interest charged 2.2% per month reducing balance.
  
  
•  Loan period is between 1 and 24 months
  
  
• Maximum loan size is UGX 100,000-30,000,000.
  
  
• Repayment frequency is monthly with one month grace period if requested
  
  
• 1% Insurance on all Loans against death and disability.
  
  

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.
  
  
• 5% initial deposit (refundable after loan repayment).
  
  
• 4% Loan Processing fee
  
  
• Credit Reference Bureau Report.