LOAN PRODUCTS
Emergency Loans
For urgent and unforeseen financial needs ie school fees, hospital bills etc.
Product Features
- Loan amount up to. Ugx. 5,000,000
- Loan Term: upto 11 months
- Collateral: shares and savings plus guarantors
- Repayment Mode: Monthly
- Grace period: 0
Pricing
- Interest Rate: 3% per month flat rate
- Processing Fee. 50,000
- Insurance fee. 1% of the loan amount
Requirements
- Filled loan application form
- Copy of National ID
- 2passport size photos
- Savings and shares
- 2Credible guarantors
Note. Borrower’s savings, shares plus guarantor’s savings and shares should be able to cover the loan amount approved.