Salary Loans
ABSA Bank Salary Loan
Featured
- 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
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
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.
- Current or Savings Bank account.
- Salaried employee or pensioner.
- Permanent employment for atleast 1 year
- Resident in the branch’s area of operation
- Submit complete loan application form
- Employer undertaking to notify bank the bank on any changes to employment status
DFCU Salary loan
- Loan Amount: Up to 250m
- Loan Term : Up to 7 yrs
- Interest Rate: (Variable)
- Salaried individuals with salaries paid thru DFCu. Eligibility)
- No_collateral.
- Quick turnaround Potentia! rewards.
- Win up to 10m towards repayment.)
- Transfer existing loans. from other banks at no cost.
- Used for various personal needs (renovations,Education)
- Interest varies depending on the campaign loan terms.
- Money credited on Alc within 48hrs of application .
- Loan applicants must be employed and receive their salary through dfcu bank. Minimum monthly income thresholds are as below.
- Civil servants: UGX. 200,000
- Non-Government: UGX. 400,000
- Must be 18 (eighteen) years of age or older.
- 2 passport photos
- National ID or Passport
- Letter of undertaking or introduction
- Most recent pay slips
- NSSF card
- 6 months’ bank salary statement
- 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,
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)
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)
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.
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
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.