A consumer loan that makes it possible for you to obtain credit in UGX, the US Dollar, Pound Sterling and the Euro, using your cash deposits, investments and their equivalents.
Customers pay no charges when receiving their money
You repay only 5% of the amount borrowed every 30 days when your salary is paid again.
Benefits
Up to 90% of your deposits or investments in loans, if the request and collateral are in the same currency
Up to 50% of your deposits estments in UGX loans if or in the collateral is in a foreign currency
Flexible, structured and convenient repayment terms
Competitive interest rates
Easy and speedy access to credit without the loss of existing assets
Target Audience
Individuals who have cash deposits, investments and their equivalents
Individuals whose salaries must have been paid through UBA for at least 3 months
UBA account holders
Employees who will be discussing or selling consumer credit products
How To Apply
Complete a UBA Consumer Loan Application form which you may download online or pick up from any of our branches.
Complete a Letter of Set-Off or Lien or Deposit Hypothecation Agreement in the name of the owner
Complete a Letter of Confirmation of Collateral
Execute a Memorandum of Charge over the investment or cash deposit
Provide roll over instructions where necessary
Submit your application to the Customer Service Officer in your branch along with your original Certificate of Deposit or Savings Passbook
Where the pledged cash deposit is not in your name, you would also need to do the following and submit with your application: - Execute a Guarantee form - Complete a Domiciliation of Proceeds Form
Where the pledged deposit or investment is in the name of a limited liability company or registered association, you would also need to submit the following with your application: - Your Constitution or Memorandum and Articles of Association and; - Your Executed Board Resolution of the organization, authorising the pledging of the cash deposit to the bank on behalf of another party
This website uses cookies to offer you the most relevant information. By continuing to browse the website, you are agreeing to use our site cookies. Read our policy
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.