School Fees Loans
These loans are available for financing tuition for the already existing students with regular and proven sources of income to pay the loan. The target market is parents and students in primary, secondary, University and other Tertiary institutions
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Loan Eligibility
Minimum Loan Amount (UGX 500,000), Maximum Loan Amount (UGX 2,000,000), Loan Term (3 months, 4 months, 6 months), Repayment Frequency (Monthly/ Weekly), Grace Period (1 month), Collateral (Land Titles, Land Agreements, Log Books for motor vehicles and motor cycles, House hold items – Chattels, Animals), Interest Rate (4% Per Month), Interest Method Computation (Flat Rate), Other Processing Fees (6% Loan Commitment Fees, 1% insurance fees, Loan Assessment fees – UGX 20,000, Loan Application – 10,000, penalty fees – 3% per month)
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
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
If found to meet the loan eligibility criteria, your loan will be processed and disbursed against your loan payment account for further management