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Pearl Overdraft

The Pearl Overdraft is a short term credit facility that
provides emergency funding for Pearl customers.

Find Out More

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

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