Cash Collateralised Loan

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.


  • 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