These are salary loans extended to customers based on letters of undertaking from employers to remit monthly salary to the Bank through the borrowers account or Guarantee repayment of loans extended by the Bank to their staff for purposes of meeting:

  • Educational needs
  • Home furnishing
  • Purchase of a personal vehicle
  • Any other personal obligation

Features

  • Loan amount up to UGX 120 million depending on borrower's income.
  • Loan period of up to 36 months
  • Repayable in regular equal monthly loan instalments.
  • Interest charged on declining balance

Benefits

  • Convenient and easily accessible
  • No Collateral required
  • Very Attractive interest rates on reducing balances
  • Manageable loan instalments whose amounts are based on the borrowers net salary:-Flexible repayments not exceeding 40% of one's net pay
  • Insured against death and permanent disability

Basic Requirements

  • Applicant must have a salary account with the bank.
  • Employer's letter of undertaking
  • 2 passport photographs.
  • A copy of the 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 confirmation form or card.

For further information, contact us or call +256-41-4259651/2.

Customer Care

+256-41-4259651/2+256-41-4341429