The loan is fully secured by collateral. The following categories of applicants are also considered herein;
- Customers whose contract period is less than the required loan period
- Employees whose employers have not been successfully vetted by the Bank
- Employees whose employers are not willing 8 to sign the letters of undertaking to remit their salaries to the HFB account
- Self-employed customers who earn salaries from their companies
Product Features
- Secured by any of the collaterals acceptable to the Bank
- In addition to their salary, customers can use other sources of income
- Minimum loan amount of UGX 1Million
- Maximum loan amount depends on customers capacity
- Loan period – 60 months
- LTV is as per the credit policy
