Individual School Improvement Loan
Opportunity Bank Uganda Ltd provides Individual School Improvement Loans to support the enhancement and development of educational institutions in Uganda. These loans are specifically designed to assist schools in improving their infrastructure, facilities, equipment, and overall educational environment.
Features
- Any Financing to Schools for the purpose of building, Salary or Bill Payments, properrty etc
- Loan Amount: Above UGX 500,000 toUGX 20,000,000
- Loan duration: 3-60 Months
- Repayment Frequency: Termly, 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 50M and 50,000 for loans above 50M payable at application, -CRB Search fees UGX15,000 payable at appication,Stamp Duty UGX 15,000 for loans above UGX 3M
- Securities: A combination or two or more of the following: Fixed Deposits, Chattels, Motor Vehicle log books, Land titles and agreements, Debentures for
- Interest rate : Reducing Balance