School Fee Loan

Parameter Remark
Purpose For enabling parents making payment of school fee of their children
Target Groups Individual employees, businessmen having regular income subject to our due diligence
Facility Type Short Term Loan
Limit UGX 1,000,000
Tenor Max 4 Months
Rate of Interest Flat 3% Interest per month or 5% PM on reducing balance
Repayment Monthly Instalments
Processing Fee UGX 50,000
Documents Required

   National ID/ Passport

   Work permit in case of foreigner

   2 Recent Passport size photographs

   Copy of Fee receipt

   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