Individual Agriculture Loan
Opportunity Bank Uganda offers a range of financial products and services to cater to the diverse needs of its customers. One of their notable offerings is the Individual Agriculture Loan, designed specifically to support individuals involved in agricultural activities in Uganda.
Features
- For financing of agricultural inputs, production, processing, marketing and distribution.
- Loan Amount: UGX 500,000 - UGX 20,000,000
- Loan duration: 3 - 24 Months
- Repayment Frequency: Monthly, quarterly, bullet, irregular, but dependent on cash flow.
Requirements
- Set Up Fees 4.3% of the Loan Amount
- Free Insurance
- Application Fees 20,000 for loans upto UGX 20M payable at application
- CRB Search fees UGX 10,000 for Loans below UGX 1M and UGX 15,000 for Loans above UGX 1M payable at application
- Stamp Duty UGX 15,000 for loans above UGX 3M
- Securities: Appointment Letter / Confirmation Letter, National ID, Bank Statement (3 Months), Current Payslip
- Interest rate : Reducing Balance