Non Government Salary Loans
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
- Any salaried person taking a loan with salary passing through OBUL account.
- Loan Amount: UGX 500,000-UGX 20,000,000
- Loan duration: 3-12 Months
- Repayment Frequency: Monthly
Requirements
- Set Up Fees 3.3% of the Loan Amount
- Free Insurance
- Application Fees 20,000 for loans upto UGX 20M payable at application
- CRB Search fees UGX10,000 for Loans below UGX 1M and UGX 15,000 for Loans above UGX 1M payable at appication
- Stamp Duty
- Securities: A Combination of two or more of the following: Fixed deposits, Chattels, Motor Vehicle log books, Land titles and agreements, debentures of companies, Guarantors
- Interest rate : Reducing Balance