Bid Guarantee
Features
- Loan Purpose : Financing OBUL Customers to execute contracts /tenders with Government and International Organisations
- Loan Amount: Upto 200M
- Loan duration: Maximum upto 6 months
- Repayment Frequency: Bullet with maximum discount of 80% of invoice value
Requriements
- Application and Processing Fess UGX50,000
- Commission Cash; 0.5% of the guarantee amount per quarter payable upfront.
- Commission Non-Cash; 1% of the guarantee amount per quarter payable upfront. On a case by case basis, the Commission shall be negotiable
- Guarantee Amendments; 1% establishment fees Amount 0.75% per quarter and Minimum UGX 100,000
- Letter of Undertaking & Guarantee from Pre-qualified service provider. Other accepted Collatera
- Interest rate calculation method: Base rate plus Margin. (Current Base rate is 24% Pa)