Individual Business Loan
Opportunity Bank Uganda Ltd is dedicated to supporting the growth and development of businesses owned by individuals in Uganda through its individual business loans. These loans are specifically tailored to provide financial assistance to entrepreneurs and small business owners.
Features
- Loan Purpose Loan Amount: For Working Capital Needs
- Loan Amount: UGX 500,000 - UGX 20,000,000
- Loan Duration Repayment Frequency: 6 - 24 Months
- Repayment Frequency: Monthly
- Securities: Flexible collateral requirements; Fixed deposits, Chattels, Motor Vehicle log books, Land titles and Land agreements, debentures of companies, Guarantors
- Interest rate calculation method: Reducing Balance
Charges
- Set Up Fees 4.3% of the Loan Amount,
- Free Insurance,
- Loan Origination Fees 35,000 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