|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|
|Down Payment||UGX 1,000,000|
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
Personal Guarantee executed by Director/s
|Processing Fee||UGX 50,000 (Non Refundable)|
BODA FINANCE TO CORPORATES
Updated on : 1/ 1/ 2018