Term Loans

This is a credit facility designed for purposes of capital expenditure, repayable working capital finance among others.

Account Overview

This is a credit facility designed for purposes of capital expenditure, repayable working capital finance among others.

Choose your organization type below to see the specific requirements:

Loan application stating amount, tenure and purpose and a letter to be signed off by a duly mandated
Directors/shareholders.
Trading License and or regulatory approvals where applicable.
3 years' annual returns.
Current Tax Clearance Certificate.
Certificate of incorporation.
Copies of Memorandum & Articles of Association.
Company Form 7.
The Beneficial Owners’ Declaration Form.
Copies of TIN for the company & directors/shareholders.
Copies of IDs for shareholders and Directors.
Copy of FCS for Company and Directors.
Copies of work permits, where applicable.
Company profile.
List of customers/suppliers and terms and conditions supported by copies of the current/previous contracts.
Organogram.
CVs of Management and their experience.
Profile of shareholders.
Details of loans from other institutions – loan statement and copy of offer letter.
Statement of accounts from other financial institutions for 12 months.
3 years' audited accounts from an ICPAU firm.
Latest 3 to 6 months' management accounts.
Acceptable security to the bank to be taken as collateral.

Access a comprehensive suite of banking services and tools:

Maximum loan amount of UGX 25 billion or its equivalent in USD.
Maximum tenure is 7 years, depending on the purpose.
LTV: Maximum of 80% Forced Sale Value of the property/asset as determined by the Bank for the purchase of property in LCY.
Acceptable security as defined in the credit policy.

Discover the advantages of banking with Term Loans:

Flexible repayment periods and has little strain on the cash flows.
Helps the company build a credit history to rely on in future as the business grows.
Flexible and lower interest rates.
Borrow more to be able to purchase significant items such as purchasing expensive equipment or buying a new building.
Finance startup companies or enterprises if they have a strong parent backing which is in a financially stable position.