SME Agricluture Loan
Opportunity Bank Uganda (OBUL) recognizes the vital role that small and medium-sized enterprises (SMEs) play in the agricultural sector. To support the growth and development of these businesses, OBUL offers the SME Agriculture Loan, a specialized financial product tailored to meet the unique needs and challenges faced by SMEs operating in agriculture in Uganda.
Features
- For financing of agricultural inputs, production, processing, marketing and distribution.
- Loan Amount: Above UGX 20,000,000- UGX 3,600,000,000
- Loan duration: 3-36 Months
- Repayment Frequency: Monthly, quarterly, bullet, flexible, but dependant on cash flow.
Requirements
- Set Up Fees 4.3% 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 companies,Guarantors
- Interest rate : Reducing Balance
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