Salary Loans
ABSA Bank Salary Loan
- Loan Amount: Up to 300M (50,000 USD)
- Loan Term: Up to 84 months
- Interest Rate: 17%
- Competitive Interest rates.
- Repayment period of up to 84 months.
- Variable and fixed interest rates.
- Credit life insurance. (death, permanent disability retrenchment.)
- Free credit Insurance loans taken in UGX
- Only start repaying equal installments on the Logn. one month after
- Interest calculated on loan-reducing basis.
- Free standing order is set up.
- Option of a scheme loan available. (arrange loan through employer with instalments deducted directly from salary)
- Copy of financial card.
- National I.D/ Work & Resident permit 4 non-ugandans.
- Letter of undertaking from employer.
- Copy of current contract.
- 3 most recent pay slips.
- Minimum income required: UGX600,000/UGX300,000 (civil servants) or USD1,500 for USD loans
- You need to be a salaried customer from our list of vetted companies
- Loan application fee of UGX20,000/USD6
- Arrangement fees 3% for a minimum of UGX300,000 and 2.5% for USD loans
Instant Cash – Salary Based loans
- Loan Amount: Up to UGX 150 Million
- Loan Term : Up to 72 months
- Interest Rate: (Variable)
- Facility is unsecured – No collateral or security is needed
- Get amounts of up to UGX 150 Million
- Flexible and affordable monthly repayments of up to 72 months
- Enjoy quick tops ups after servicing for six months
- Peace of mind with the retrenchment insurance cover of up to 12 loan instalments
- Completed application form or online application.
- Latest pay slips (last 3 months)
- Copy of financial card
- Copy of employment contract, appointment and confirmation letters
- Employer letter of undertaking
- At least 3 months Bank statement for salary account
- Employee authority to offset loan (for those borrowed in other banks)
Corporate Salary Loan
- Loan Amount : Up to 2.5 times net monthly salaries
- Loan Term : Up to 10 months
- Interest Rate: (Variable)
- Quick funding based on salary learning
- Borrowing limit of up to 2.5 times your monthly salary.
- Available in UGX & USD.
- Loan limit is 2.5 times net monthly salaries.
- Tenos of up to 10 months.
- Mode of payment (monthly).
- Loan type ( Formatted short-term amortized loan)
- Completed application form or online application.
- Latest pay slips (last 3 months)
- Copy of financial card
- Copy of employment contract, appointment and confirmation letters
- Employer letter of undertaking
- At least 3 months Bank statement for salary account
- Employee authority to offset loan (for those borrowed in other banks)
- Arrangement fees: 2% of loan amount
Cente Salary Loan
- Loan Amount : Up to UGX 500M
- Loan Term : Up to 5 years and secured Salary loans up to 10 years
- Interest Rate: (Variable)
- Salary loans of up to UGX 500M.
- A dedicated Relationship Manager.
- Fixed interest rates.
- Affordable loan processing fees.
- Free financial education seminars.
- Manageable repayment installments.
- Access to Cente Mobile for account management.
- Over 171 ATMs and Visa enabled ATM access
- SMS alerts for all transactions.
- You must have an account with Stanbic
- Must receive a monthly salary.
- For non-Ugandans; you must be living in Uganda with valid residency permit and or work permit.
- Should earn a minimum net monthly income of Ugx 150,000.
- Must be 21 years or older (but not older than 60 years on expiration of the facility).
- A financial card
- National ID
- Regulatory Fees: Stamp duty of Ugx15,000 for loan amounts greater than Ugx3Million.
- Bank loan arrangement fees:
2% of loan amount. - Credit Life insurance.
Flat monthly insurance charge of 0.13% of the outstanding loan amount.
DFCU Salary loan
- Loan Amount: Up to 250m
- Loan Term : Up to 7 yrs
- Interest Rate: (Variable)
1. Salary Loan Protection Cover: Your financial security matters to us. With salary loan protection cover, you’re safeguarded against unexpected situations, ensuring peace of mind.
2. Attractive Interest Rates: We offer competitive interest rates, making it easier for you to manage your finances while pursuing your goals.
3. Monthly Repayments/Installments: Our flexible repayment options let you choose a plan that suits your budget, ensuring a hassle-free repayment experience.
4. Available in UGX and USD Currencies: We understand that your needs may vary, so our loan is available in both Ugandan Shillings (UGX) and US Dollars (USD).
5. Responsible Lending: We care about your financial well-being. That’s why we ensure that your monthly repayment amount never exceeds 50% of your net income.
6. Loan Tenure: You can repay the loan over a period of 2 to 72 (months, providing you with ample time and flexibility to manage your finances.
7. Quick turnaround time of 48 hours upon provision of all requirements.
8. Access Mobi loan on your phone in emergency cases.
- 2 passport photos
- National ID or Passport
- Letter of undertaking or introduction
- Most recent pay slips
- Net salary must be at least UGX200,000 for Government employees & UGX400,000 for Non- Government employees/.
- Sketch map for the place of residence
- NSSF card
- 6 months’ bank salary statement
- Financial card
Cairo Bank Salary Loan
- Loan Amount : Up to 70 m.
- Loan Term : Up to 60 months
- Interest Rate: (Variable)
- Loan amount of up to 70 m.
- Repayment period of 60 months
- Competitive rates tailored to your profile.
- Repaynent limt, monthly repayments should not exceed 50% of your net salary
- Dedicated support
- Account benefits Free incoming transters for EFT’S & RTGS
- Valid Carro Bank salary bank account
- Complete application form
- Recomendation letter from employer
- Valid National ID and work ID
- Financial card
DTB Salary loan
- Loan Amount : Up to UGX 350m
- Loan Term : 6 years
- Interest rate : 17%
- Loan amount between UGX 2 million to UGX 350 million
- Interest rate 17%
- Minimum repayment period 6 months
- Maximum repayment period 72 months (6 years)
- Available in UGX & USD
- Completion of Loan Application form
- Letter of Undertaking from the employer
- Copy of National ID
- Payslips for the last 3 months
- Proof of residence (Lc letter/Utility bill)
- Proof of nationality (Passport / Birth certificate) if a foreigner
- Appointment / contract letter.
- MUST have super salary account
- Loan processing fee of 7% of the loan amount
- Excise duty 20% of processing fee all collected at disbursement
Eazzyloan
- Loan Amount: Up to UGX 3m
- Loan Term :Up to 30 days
- Interest Rate: (Variable)
- Eazzyloan. (Instant Mobile loan). (5000→3m).
- Loan amount could be up to two or three times your net salary. (depending on history.) on your salary and banking
- Repayment period up to 3 months.
- Processing fee (3%-5%).
- Apply through Enzy app, Equitel Sim, Internet banking
- Salary Alc with Equity.
- Receive salary through Equity.
- Salary should be consistent (meet banks’ minimum requirements)
- National I.D
- Up-to-date payslips,
KCB Salary Loan
- Loan Amount : Up to UGX 300m.
- Loan Term : Up to 48 months
- Interest Rate: (Variable)
- Loan amount is upto UGX 300m.
- Repayment through salary reductions. (48mths)
- Turnaround time.. (Processed quickly. within 48hr)
- Eligibility:Open to salary earners.
- Debt Service Ratio 50 % of net salary
- Application can be applied for through KCB website.
- Salaried KCB Bank Account
- Loan application form
- Employer’s letter
- Proof of residence
- Appomtment Letter
- National ID
- Valid Passport. (Non Citizens)
NCBA Salary Loan
- Loan Amount : Up to 250m.
- Loan Term :Up to 72 months
- Interest Rate: (Variable)
- Loan upto 250m.
- Flexible repayment period 72 months
- Competitive Interest rates
- No collateral recquired.
- Available in multiple currencies.
- Eligible for a top up after 6 months of consistent repayment.
- Loan application form
- Employer’s letter
- Proof of residence
- Appomtment Letter
- National ID
- Valid Passport. (Non Citizens)
Housing Finance Salary Loan
- Loan Amount : Up to UGX 400m.
- Loan Term : Up to 84 months
- Interest Rate: 17%(Fixed)
- Unsecured salary loans of up to UGX 400 million processed in just48 hours
- Repayment period of up to 84 months
- Interest rates as low as 17%
- Zero fees for loan buyouts
- Available in UGX
- Employee’s Appointment or Contract Letter
- Letter of introduction from the employee’s organization
- Copies of 2 latest or most recent Pay Slip
- Valid Identification
- Two recent Passport Photos
- CRB card
- Signed Consent to CRB (signed at HFB)
- Salary Bank account Statement for at least 6 months (if salary account is not held at HFB)
- Employee’s Appointment or Contract Letter
- Letter of introduction from the employee’s organization
- Copies of 2 latest or most recent Pay Slip
- Valid Identification
- Two recent Passport Photos
- CRB card
- Signed Consent to CRB (signed at HFB)
- Salary Bank account Statement for at least 6 months (if salary account is not held at HFB)
Standard Chartered Bank Salary Loan
- Loan Amount: Up to 13.5M within 70% of your net income
- Loan Term : Varied based on your standard chartered salary A/c and employers length of service.
- Interest Rate: (Variable)
- Limit of up to 13.5m within 70% of your net income
- Hassle free process
- Interest only charged on the amount utilized and number of days utilized.
- Both cash secured and unsecured options available
- Easy Access to cash
- Security to access borrowing up to 70% of net income
- Loan Amounts shall be varied by your income eligibility & our credit policy.
- Loan Tenor may be varied based on your standard chartered salary A/c and employers length of service.
- Overdraft limit marked on your Standard Chartered Salary A300 provided all documents have been submitted along with the app. Form
- Salaried min. gross salary of 1 m per month.
- Proof of Income.
- letter from employee ( company letterhead.).
- Last 3 bank statements.
- National I.D
Stanbic Bank Salary Loan
- Loan Amount: Up to 200m
- Loan Term: Upto 72 months
- Interest Rate: (Variable)
- Best Interest rates in the market.
- Unsecured loan amounts up to Ugx 200 million
- Flexible repayment period up to 72 months.
- Insurance cover (no liability in case death, permanent disability and retrenchment).
- Access funds conveniently through our digital channels i.e. internet banking.
- You must have an account with Stanbic
- Must receive a monthly salary.
- For non-Ugandans; you must be living in Uganda with valid residency permit and or work permit.
- Should earn a minimum net monthly income of Ugx 150,000.
- Must be 21 years or older (but not older than 60 years on expiration of the facility).
- A financial card
- National ID
- Regulatory fees: Stamp duty of Ugx15,000 for loan amounts greater than Ugx3Million.
- Bank loan arrangement fees: 2% of loan amount.
- Credit Life insurance:Flat monthly insurance charge of 0.13% of the outstanding loan amount.
Tropical Bank Salary Loan
- Loan Amount : Up to 50m unsecured
- Loan Term : Up to 84 months
- Interest Rate: 15.9%
- Interest rate as low as 15.9%
- No arrangement fees
- Salary A/c with tropical bank.
- Letter of recommendation from authorized personnel.
- Employment
- Six months salary a/c bank statements.
- 3 recent payslips
- National I.D
UBA Salary Loan
- Loan Amount : Up to 250m
- Loan Term : Up to 72 months
- Interest Rate: (Variable)
- Access upto 250m.
- 72 months repayment period
- Quick processing time.
- Insuarance cover in the event of death or permanent disability
- No collateral or security needed.
- Salary Account with UBА.
- Employment contract /Appointment letter.
- Valid work permit, /Resident permit.
- Clean CRB.
- Recent pay slips.
- 6 months bank statement.