Secured Overdraft: The secured overdraft is cash backed with security in form of FDs or TBs or TBonds

Eligibility:

• Hold a pearl account
• Have a salary account with salary received for at least 1 month for salaried
• Have a pearl account with business proceeds through the account for the self-employed
• Be confirmed with at least 6 months in present employment
• Have a minimum net salary of UGX 4,000,000

Unsecured Overdraft (Salaried): The unsecured overdraft is one that caters to our Pearl Salaried Customers

Eligibility:

• Hold a pearl account
• Have a salary account with salary received for at least 1 month for salaried
• Have a pearl account with business proceeds through the account for the self-employed
• Be confirmed with at least 6 months in present employment
• Have a minimum net salary of UGX 4,000,000

Unsecured Overdraft (Self Employed): This is an unsecured overdraft for Pearl Self-employed Customers

Eligibility:

• Hold a pearl account
• Have a salary account with salary received for at least 1 month for salaried
• Have a pearl account with business proceeds through the account for the self-employed
• Be confirmed with at least 6 months in present employment
• Have a minimum net salary of UGX 4,000,000

Secured Overdraft

• Pearl current account holder
• Certificate of FD/TB/Bond
• 1 passport photo
• Copy of valid identification
• CRB card
• Customer consent to place lien on FD/TB
• Maximum amount of 90% of FD or 80% of TB/Bonds
• Maximum repayment period within tenure of FD/TB/Bond
• Available in both UGX and USD

Unsecured Overdraft

• Employer’s letter of undertaking
• 1 passport size photograph
• A copy of a valid identity card from the work place
• A copy of employment contract (where applicable)
• Six months bank statement (where applicable)
• Two pay slips (where applicable)
• Credit reference Bureau (CRB) registration card
• Payment should not exceed 70% of income after loan instalment amount
• Maximum repayment period of 3 months (Renewable upon request)
• Available in both UGX and USD
• Personal loan insurance protection against death/permanent disability
• Maximum Over Draft of 20M

Unsecured Overdraft (Self Employed)

• Maximum PTI of 50% of ascertainable income
• Maximum overdraft amount of UGX 20M
• Maximum repayment period of 3 months
• Personal loan insurance protection against death/permanent disability
• Available in both UGX and USD