Your business partner for capital needs

Fulfill the goal of your business with us

  • Target Group
  • Nature of Facility
  • Purpose
  • Limit and Margin
  • Eligibility
  • Interest*
  • Service Charge/ Processing Fees
  • Amount of loan
  • Repayment
  • Securities
  • Documents required
  • 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.

5% over PLR with monthly rests.

* Interest rate is subject to change from time to time. View latest Interest Rate

** For further details, contact any of our Branches in Uganda

• 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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