Fixed Term Loan

A fixed term loan involves a pre-arranged limit over an agreed period. Under this type, we provide for loans of UGX550, 000 to UGX6-million that can be repaid over 12 to 24 months.The repayment amount on your loan may not be more than 30% of your net income.

What does it offer me?

  • Helps you meet both your short term and long term obligations.
  • Personal loan protection plan to cover death or total disability

 

What do I need to apply?

  • You must be 18-60 years old for all other professions but up to 70 years for university lecturers and judges
  • You must have been in continuous employment for at least 6 months
  • Your net salary must be at least UGX 350,000
  • You must also have managed the account responsibly with no dishonors. 

 

You must have had a bank account into which your salary was paid for at least 6 months. The account should have been held with Stanbic Bank for at least six months; or with another bank for an additional 3 months; if previous account was held by another bank, you will need to provide statements of your accounts held at other banks.

 


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