BOA Tax loan

Your goods are stuck at the Bond because do not have money to clear the taxes. Access to funds to clear your merchandise has now been made easy with the BOA Tax loan .

How it works

Our Tax loan enables you to use your merchandise as collateral to obtain a loan to pay taxes for the specified consignment. Because our BOA Tax loan is so versatile, we give you the lumpsum amount you need to pay taxes and clear your goods faster.

How to obtain the Tax loan

•  Provide the relevant tax documents concerning your consignment. These documents will be assessed by the Bank appointed Collateral Manager.

•  Fill in the loan application form with the Collateral Manager.

•  Funds to clear the taxes will be paid directly to the tax authority (Uganda Revenue Authority)

•  Part of the goods will then be released to you to trade and enable you repay the loan.

A whole load of Benefits for you

•  Pay your taxes and clear your goods in a timely period.

•  Increase the turn around time of your goods by eliminating unnecessary delays.

•  Access financing with no extra security.

•  The Interest rates are competitive, and are calculated on a reducing balance basis, making your monthly repayments manageable.

•  Early loan repayments are allowed with no penalty.

For more details about the BOA Tax loan, simply visit any BANK OF AFRICA branch.