School Fees Individual 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
- Loan Purpose: 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
- Securities: Flexible collateral including: Fixed deposits,Chattels, Motor Vehicle log books, Land titles, kibanja agreements, debentures of companies, Guarantors
Charges
- Processing Fees 3.3% of the Loan Amount,
- Free Insurance
- Loan Origination Fees 35,000 for loans upto UGX 20M payable at application,
- Interest rate calculation method: Reducing Balance