Cente Solar Loan
Product Features
- Minimum loan amount UGX 100,000 and maximum UGX 20 million
- Minimum loan period of 6 months and a maximum of 24months
- Loan amount shall not exceed 70% of the purchase/installation price of the solar equipment.
- Interest charged on reducing balance basis
- Flexible and regular repayment frequency
Benefits
- Speedy processing (within 48 hours)
- Fairly low interest rates
- Flexible repayment plans based on borrower’s cash flow
- Loan period of up a maximum of 24 months
- Government Subsidy for clients located 100 meters or further away from grid
Requirements
- Current or Savings Bank account
- Completed loan application form
- Payment of loan processing fees
- Financial card
- Repeat borrowers who have promptly repaid 4 successive agricultural production loans
- Farmers area under cultivation or cropping has not changed
- Security acceptable such as mortgage including kibanja, chattels, crop insurance etc.
- Personal guarantee by two (2) Guarantors
- Letter of Continuing Security in case of loans secured by mortgage
- Loan request-cum-loan document link
- Loan officer visit prior loan disbursement at every cycle