Find microfinance institutions, SACCOs, and money lenders in Uganda based on loan amounts. Compare small, medium, and large loan options to find the right financing for your needs.
Find loans based on interest rates, from low to high percentages.
Find loans based on repayment periods, from short-term to long-term options.
Find loans based on collateral requirements, from secured to unsecured options.
The loan amount you need depends on your specific financial goals and circumstances. Different financial institutions specialize in different loan sizes.
Small loans (typically under UGX 1 million) are often offered by SACCOs, microfinance institutions, and money lenders. These loans are useful for emergency expenses, small business needs, or personal purchases. They typically have faster approval processes but may come with higher interest rates.
Medium loans (between UGX 1 million and UGX 10 million) are available from most financial institutions including banks, microfinance institutions, and larger SACCOs. These loans can be used for business expansion, education, home improvements, or larger personal expenses.
Large loans (above UGX 10 million) are primarily offered by banks and a few specialized microfinance institutions. These loans are suitable for major investments like property purchases, significant business expansion, or large agricultural projects. They typically require substantial collateral and have more stringent eligibility criteria.
When choosing a loan amount, consider not just what you need now, but also your ability to repay. Taking a larger loan than necessary can lead to unnecessary interest costs and financial strain.