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The Weekend Loan product has been designed to address immediate financial needs during Weekends. Effective 01.01.2012, it is cash disbursed only on Saturdays regardless. It is only product disbursed with Cash.
FEATURES & CHARGES
• Maximum loan amount UGX 1,000,000
• Maximum loan amount UGX 600,000
• Maximum loan period 4 months
• Interest 4% per month
• Standing membership of 4 months
• Loan Application UGX 30,000
• Loan Commission 4%
• Insurance premium 1%
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REQUIREMENTS
• Employee Id
• Current pay slip
• Contract Letter
• Two Guarantors
• 20% savings of the loan amount
• 10% shares of the loan amount
• Loan application must be received before 10am on Saturdays
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