Comercial/SME /Corporate Loans
Loans extended to SMEs and Corporates engaged in profitable business activities in a variety of sectors including trade and commerce, transport, communication, industry/manufacturing, agriculture, animal husbandry, fisheries and crop finance, Government sector, building and construction and service sector. The loans can be used to finance working capital, acquisition of business assets and infrastructural development.
- Interest charged on reducing balance.
- Minimum loan amount UShs 20million
- Maximum loan amount of up to UShs.3 billion
- Maximum loan period of up to 5 years.
Loan amount approved not exceeding 100 per cent of the forced sale value of the collateral
- Grace periods of up to six months, applicable on a case-by-case basis
Processing fee for commercial loans is Ushs20,0000 and Ushs 50,000 for corporate loans
Security has to be provided for the loan
Supportive documents (to be submitted based on the nature of the business)
Certificate of registration/incorporation
Articles and Memorandum of Association
- Faster and easy way to access business funds
- Affordable interest rates
- Flexible repayment plans
- Multiple disbursements offered