Baroda Business Loan (BBL)
Type of Facility
Demand Loan / Overdraft against charge on movable assets
Small and Medium Entrepreneurs engaged in trading/manufacturing business activities.
- Applicant firm should have satisfactory operative Current account with our bank at least for last three (3) months and no cheques are returned in the account for financial reasons.
- Firm should be profit making for last two (2) consecutive financial years and it should be profit making at least for last one year.
- Minimum net worth of firm should be Ugx 5 Mn. or double of the limit proposed, whichever is higher.
Finance for working capital in Business
Amount of Loan
||Ugx 2 Mn.
||Ugx 10 Mn.
Credit requirement is assessed at 15% of acceptable projected turnover subject to minimum margin of 5% on projected turnover.
PLR + 5% with monthly rests.
Demand Loan : Repayment depends on repaying capacity of borrowers subject to maximum -24- months with moratorium period of -3- months.
Overdraft : Subject to annual review.
* Interest rate is subject to change from time to time. View latest Interest Rate.
** For further details, contact any of our Branches in Uganda