Quick Temporary Loans Uganda

Temporary Loan is a very short term loan offered by the Bank with the purpose of assisting borrowers to overcome short-term liquidity problems. It is not intended for working capital or investment purposes.
Main Features:

* Interest charged on declining balance
* Minimum loan amount is UShs. 50,000/=
* Maximum loan amount is UShs. 15million
* Regular and lump-sum repayment options
* Maximum loan period of up to 3months

Basic Requirements:

* Possession of an active current account with the bank for at least 3months
* Security for the loan.
* Applicant must be resident in the branch designated area of operation.
* Applicant must possess a minimum of one year experience in business to be financed as an owner/manager.
* Application fee of UShs. 5,000/=.
* Commitment fee of 2% of loan amount.

Benefits:

* Faster processing speed.
* Competitive interest rate.

Please Note
This type of loan is provided by centenary bank. You can contact any of their branches. Other Banks also have similar loan types


Please Note
This type of loan is provided by centenary bank. You can contact any of their branches. Other Banks also have similar loan types