Transport Loans

These are loans used to purchase and repair/ service transport equipment to enable the target clients carry out their businesses. The target clients are Boda Boda Groups and Associations, Taxis and Mini Buses, Cargo Trucks etc.

Our Golden Rule

Turn Around Time (one to three working days)

Work Efficiency Tip

For a quick Turn Around Time, come with all your supporting documents for proof of existence of business, cashflows and securities to be pledged

Loan Eligibility

Minimum Loan Amount (UGX 5,000,000), Maximum Loan Amount (UGX 25,000,000), Loan Term (3 – 24 months), Repayment Frequency (Weekly/ Monthly), Grace Period (1 month), Collateral (Land Titles, Land Agreements, Log Books for motor vehicles and motor cycles, House hold items – Chattels, Animals), Interest Rate (3% Per Month), Interest Method Computation (Flat Rate), Other Processing Fees (6% Loan Commitment Fees, 1% insurance fees, Loan Application Fees – UGX 10,000, Loan Assessment Fees – UGX 20,000, Penalty Fees – 3% per month)

01. Create a Loan Payment account

Create a loan payment account at any of our branches of choice. Request for a Loan Application Form to file your request for the loan

02. Book an appointment to be Appraised

After filing your request for the loan, book an appointment with us at any of our branches for a visit to your business to be appraised for eligibility

03. Loan Processing and Disbursement

If found to meet the loan eligibility criteria, your loan will be processed and disbursed against your loan payment account for further management

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