Salary Loan to employees

Parameter Remark
Purpose For meeting personal requirements
Target Groups Employees of reputed organisations having at least six months of confirmed service subject to our due diligence
Facility Type Short Term Loan
Limit 3 times of gross salary subject to a maximum UGX 5,000,000
Tenor Max 12 Months
Rate of Interest Flat 3% Interest per month or 5% PM on reducing balance
Repayment Monthly Instalments
Processing Fee 1% of the loan amount
Documents Required

   National ID/ Passport

   Work permit in case of foreigner

   2 Recent Passport size photographs

   Bank statement of last six months

   Proof of employment

Insurance 2% of the loan amount
Administrative Charges 1% of the loan amount

Updated on : 1/ 1/ 2018