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Fulfill the goal of your business with us
Baroda Business Loan (BBL)
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Eligibility
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Target Group
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Type of Facility
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Amount of loan
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Margin
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Purpose
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Interest*
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Repayment
- 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.
Small and Medium Entrepreneurs engaged in trading/manufacturing business activities.
Demand Loan / Overdraft against charge on movable assets
| Minimum | Ugx 2 Mn. |
| Maximum | Ugx 10 Mn. |
Credit requirement is assessed at 15% of acceptable projected turnover subject to minimum margin of 5% on projected turnover.
Finance for working capital in Business
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
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