School Fees Loan
Opportunity Bank Uganda Ltd provides school fees loans to assist parents and guardians in meeting the educational expenses of their children. These loans are specifically designed to support the payment of school fees and related educational costs.
Features
- For Payment of Schools and other Education related Expenses
- Loan Amount: UGX 100,000-UGX 5,000,000
- Loan duration: 3-12 Months
- Repayment Frequency: Weekly, but dependant on cash flow
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 UGX 10,000 for Loans below UGX 1M and UGX 15,000 for Loans above UGX 1M payable at application
- Stamp Duty UGX15,000 for loans
- Securities: A Combination of two or more of the following: Fixed deposits,Chattels, Motor Vehicle log books, Land titles and agreements
- Interest rate : Reducing Balance