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Nature of Facility
Limit and Margin
Service Charge/ Processing Fees
Amount of loan
- Small and Medium Entrepreneurs engaged in trading/manufacturing business activities.
- Demand Loan/overdraft against charge on movable assets.
- Working Capital Finance.
- Minimum - UGX 2 Million and Maximum - UGX 10 Million.
- Credit requirement is assessed at 15% of acceptable projected turnover subject to minimum margin of 5% on projected turnover.
- 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 (1) year.
- Minimum net worth of firm should be UGX. 5 Million or double of the limit proposed, whichever is higher.
• Processing charges 1% and arrangement fees 1.5%.
|Minimum||Ugx 2 Mn.|
|Maximum||Ugx 10 Mn.|
Demand Loan : Repayment of demand loan depends on repaying capacity of borrowers subject to maximum -24- months with moratorium period of -3- months.
Overdraft : Overdraft is subject to annual review.
- No mortgage of property/ies asked for under the scheme.
- Personal Guarantee of one or two persons having adequate means acceptable to bank. This guarantee will be in addition to personal guarantee of Directors of company/partners of a firm etc.
- Hypothecation of movable assets.
Advance cheques (post-dated) to be obtained from borrowing firm to secure repayment of bank loan (for Demand Loan).
- Application form along with audited financial statements for last three years with projections of ensuing year.
- Undertaking to do banking exclusively with our bank.
- Demand Promissory Note
- Letter of Installments (Demand Loan) / Letter of Continuing Security (Overdraft)
- Letter / Undertaking for tendering advance (post-dated) cheques to repay loan and taking legal action against borrower in case of dishonor of cheques.
Agreement of Hypothecation of movable assets.
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