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Interest Rates

INTEREST RATES ON DEPOSITS AND ADVANCES

UGX DEPOSITS

1.     For less than UGX 10 Million

S. No. Teror of the retail deposit Rates
1. 1 month to less than 3 months 7.00 %
2. 3 months   to less than 6 months 8.50 %
3. 6 months   to less than 9 months 9.50 %
4. 9 months to less than 12 months 10.50%
5. 12 months and above 12.50 %
6. 24 moths and above 12.50 %
 
  Tenor Rates
1. 12 months 12.50 %
2. 24 months 12.50 %
3. 36 months 12.50 %

2.     For UGX 10 Million and Above to less than 500 Milliom

S. No. Teror of the retail deposit Rates
1. 1 month to less than 3 months 7.50 %
2. 3 months   to less than 6 months 8.50 %
3. 6 months   to less than 9 months 10.00 %
4. 9 months to less than 12 months 10.50%
5. 12 months and above 12.75 %
6. 24 months and above 12.75 %
 
FLEXI DEPOSIT
  Tenor Rates
1. 12 months 12.75 %
2. 24 months 12.75 %
3. 36 months 12.75 %

3.     For UGX 500 Milliom and Above

S. No. Teror of the retail deposit Rates
1. 1 month to less than 3 months 8.00 %
2. 3 months   to less than 6 months 9.00 %
3. 6 months   to less than 9 months 10.50 %
4. 9 months to less than 12 months 11.00%
5. 12 months and above 13.00 %
6. 24 months and above 13.00 %
 
FLEXI DEPOSIT
  Tenor Rates
1. 12 months 13.00 %
2. 24 months 13.00 %
3. 36 months 13.00 %

UGX DEPOSITS

4.     For less than USD 10000

S. No. Teror of the retail deposit Rates
1. 1 month to less than 3 months 0.75 %
2. 3 months   to less than 6 months 1.50 %
3. 6 months   to 12 months 2.50 %
4. 12 months and above 3.00%

5.     For USD 10000 and above to less than USD 50000

S. No. Teror of the retail deposit Rates
1. 1 month to less than 3 months 1.00 %
2. 3 months   to less than 6 months 1.75 %
3. 6 months   to 12 months 2.75 %
4. 12 months and above 3.50%

6.     For USD 50000 and Above

S. No. Teror of the retail deposit Rates
1. 1 month to less than 3 months 1.50 %
2. 3 months   to less than 6 months 2.00 %
3. 6 months   to 12 months 3.50 %
4. 12 months and above 4.00%

9.     Card Rates on Deposits (GBP)

S. No. Period Revised Rates
1. 1 month to less than three months 1.50 %
2. 3 months   to less than six months 1.75 %
3. 6 months to less than one year 1.80%
4. One year to two years 1.80 %

10.     Card Rates on Deposits (EURO)

S. No. Period Revised Rates
1. 1 month to less than three months 1.50 %
2. 3 months   to less than six months 1.50 %
3. 6 months to less than one year 1.50%
4. One year to two years 1.50 %

ADVANCES

Prime Lending rates

Details Interest Rate
w.e.f. 01.10.2016
PLR for Borrowers with sanctioned limit upto Ugx 20.00 Million 22.25 % p.a.
PLR for Borrowers with sanctioned limit above Ugx 20.00 Million 23.25% p.a.
PLR for USD Loans 10.00% p.a.
  1. Scheme Specific Rate of interest is as under.
Name of Scheme Rate of Interest
Baroda Salary Loan 4% over PLR
Baroda Multipurpose Loan 5% over PLR
Baroda Business Loan 5% over PLR
Baroda Education Loan PLR : for Loan uptp Ugx 5 million
PLR + 3% for Loans over Ugx 5 million
Baroda Asset Financing 2% over PLR
Baroda Traders Loan 2% over PLR
Baroda Housing Loan 2% below PLR
  1. For all other Loans, the interest is charged as per the Credit Rating of the Account.
  1. Interest is charged with monthly rests.
Charges for the credit facilities :
  1. Interest at the sanctioned rate for the amount outstanding
  2. Processing charges @ 1% for the entire limits (fund based and non fund based) for Ugx limits. Processing charges is also levied on the term loan on yearly basis, Processing charges @ 0.75% for USD Loan facilities.
  3. Commission on Bank Guarantees / LCs is 0.75% per quarter and Part there of.In case of LC / BG backed by 100% cash collateral, the charges are 50% of the normal rates.
  4. Apart from the above, legal charges, insurance charges (if any) etc., is borne by the borrower. These are on actual basis.

** For further details, contact any of our branches in Uganda

*** Interest Rates on Deposits & Advances are subject to changes. For latest applicable rates, please contact any of our branches in Uganda.