Parameter Remark
Purpose For purchase of New Boda
Target Groups Corporates of Good repute subject to our due diligence
Facility Type Short Term Loan
Limit Max 90% of the cost of the vehicle within our single borrower exposure limit.
Tenor Max 12 Months
Rate of Interest Flat 2% Interest per month or its part.
Disbursement By way of credit/remittance to the account of Dealer
Repayment Monthly Instalments
Down Payment UGX 1,000,000
Documents Required

Board Resolution from the Corporate Client for opening deposit/loan account/s with us and Power of Attorney granted to its managers, officers and/or employees to transact on the account.

KYC Documents and photographs of the Directors/signatories. Work Permit/s if Foreigners.

Certified copies of Certificate of incorporation, Memorandum & Articles of Association, Form 20, Form 7, Form 18 (for address of the company)

   Demand Promissory Note

   Loan Agreement

   Personal Guarantee executed by Director/s

Processing Fee UGX 50,000 (Non Refundable)

Updated on : 1/ 1/ 2018