Personal Loan
Equity Bank
Equity Business Loan
Financing for business expansion and working capital
Features
- Loan amount: Up to UGX 200 million
- Tenure: Up to 48 months
- Competitive interest rates
- Quick processing time
Requirements
- Business registration documents
- 6 months bank statements
- Business plan
- Collateral for larger loans
Fees & Charges
- Application feeUGX 40,000
- Arrangement fee1.8% of loan amount
- Insurance0.8% of loan amount
- Early repayment fee4% of outstanding balance
Interest Rate
Rate17% Reducing balance
17% per annum on reducing balance
Why Choose This Product
- 1Tailored for SMEs
- 2Business advisory services
- 3Flexible collateral options
Quick Summary
Target Customer
Small and medium enterprises
Interest Rate
17% Reducing balance
Key Fees
- Application feeUGX 40,000
- Arrangement fee1.8% of loan amount
- Insurance0.8% of loan amount
- + 1 more fees
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