SME Business Loan
Opportunity Bank Uganda Ltd is committed to empowering small and medium-sized enterprises (SMEs) in Uganda through its SME business loans. These loans are tailored to address the specific financial requirements of SMEs and assist them in achieving growth and success in the competitive business environment.
Features
- Loan Purpose Loan Amount: For Working Capital Needs
- Loan Amount: Above UGX 20,000,000 toUGX 1,300,000,000
- Loan Duration Repayment Frequency: 6-24 Months
- Repayment Frequency: Monthly
- Securities: Flexible collateral requirements; Fixed Deposits, Motor Vehicle log books, Land titles and Land agreements, Debentures for companies,Guarantors
- Interest rate calculation method: Reducing Balance
Charges
- Set Up Fees 4.3% of the Loan Amount,
- Free Insurance,
- Loan Origination Fees 35,000 for loans upto UGX 50M and 65,000 for loans above 50M payable at application,
- CRB Search fees UGX 15,000 payable at appication