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Private Salary Loan

Opportunity Bank Uganda Ltd offers Individual Salary Loans to provide financial assistance to individuals who need short-term funds to meet their immediate financial obligations. These loans are designed to bridge the gap between paychecks and provide individuals with the necessary funds to cover unforeseen expenses or manage financial emergencies.

Features

  • Loan Purpose: Any salaried person taking a loan with salary going through OBUL account.
  • Loan Amount: UGX 500,000- Based Affordability and Loan Term
  • Loan duration: 6-36 Months
  • Repayment Frequency: Monthly
  • Securities: Letter of Undertaking However, additional securities may be required: Fixed deposits, Chattels, Motor Vehicle log books, Land titles and agreements, debentures of companies, Guarantors

Charges

  • Loan Processing Fees 4.3% of the Loan Amount
  • Free Insurance
  • Hospital cash UGX 5,025 per month
  • Loan application Fees 35,000
  • Interest rate : Reducing Balance