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The Bank Refinance product is meant for Members with loans in Commercial Banks or any other money lending institution. UNS-SACCO will buy off the loan from the Bank/Institution and the recoveries shall be made from the staff member at the prevailing interest rate. This credit line is expected to greatly assist members from being constrained by banks due to high interest rates.
FEATURES & CHARGES
• Maximum loan amount UGX 15,000,000
• Maximum loan period 18 months
• Interest 13% p.a. for loan amount below UGX 10,000,000
• Interest 16% p.a. for loan amount above UGX 10,000,000
• Standing membership of 4 months
• Loan Aspplication UGX 20,000
• Loan Commission 2%
• Insurance premium 1%
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REQUIREMENTS
• Employee Id
• Current pay slip
• Contract Letter
• Two Guarantors
• 4 times savings of the loan amount
• 10% shares of the loan amount
LOAN SAVINGS STRUCTURE
UGX 500,000-2,000,000: 100,000
UGX 2,001,000 - 4,000,000: 150,000
UGX 4,001,000 - 5,000,000: 200,000
UGX 5,001,000 - 8,000,000: 250,000
UGX 8,001,000 - 10,000,000: 300,000
UGX 10,001,000 - 12,000,000: 350,000
UGX 12,001,000 - 14,000,000: 400,000
UGX 14,001,000 - 16,000,000: 450,000
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