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Personal Banking
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Whether you're looking to buy a car, improve your house, buy a piece of land or simply need a financial boost to tide you over, we're here to help. Our Personal loan will enable you to reach your goal faster.
Who is eligible?
• Salaried employees earning a net monthly income of at least Ugx 500,000 and aged between 21 and 55 years.
Benefits
• Simple to arrange. • Competitive Interest rate calculated on a reducing balance basis. • Flexible Repayment period of between 6 - 24 months • Easy repayment plan: Monthly loan servicing ratio including principal and interest is maximum of 35% of net salary; which ...... ..means you still have enough money to meet your daily needs. • Early repayment is allowed with no penalty. • Each loan is placed on a credit protection scheme. • Top ups available.
To apply:
• Fill in our Loan application form • Letter of Undertaking from employer • Original pay slip • Photocopy of company ID • 6 months statement of current bank account. • Open a current account at any of our branches. |
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Commercial Banking
Complementary Services |
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All Rights Reserved. BANK OF AFRICA - UGANDA Ltd |
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