Education Loan
Equity Bank
Equity Education Loan
Financing for education expenses
Features
- Loan amount: Up to UGX 50 million
- Tenure: Up to 60 months
- Grace period during study period
- Flexible repayment options
Requirements
- Admission letter or fee structure
- Income proof
- Valid ID (National ID, Passport, or Driving License)
Fees & Charges
- Application feeUGX 30,000
- Arrangement fee1.5% of loan amount
- Insurance0.5% of loan amount
- Early repayment feeNone
Interest Rate
Rate15% Reducing balance
15% per annum on reducing balance
Why Choose This Product
- 1Grace period option
- 2No early repayment penalty
- 3Covers all education expenses
Quick Summary
Target Customer
Parents and students
Interest Rate
15% Reducing balance
Key Fees
- Application feeUGX 30,000
- Arrangement fee1.5% of loan amount
- Insurance0.5% of loan amount
- + 1 more fees