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Loan Against Bank's Deposits


Loan can be availed against the Bank’s Fixed Deposit Receipts (FDR)/ Short Deposit Receipts (SDR).
Type of Facility:
  • Loan
  • Overdraft
Loan/overdraft is available in Ugx USD, GBP and EURO irrespective of currency of deposits.
Eligibility:
  • FDR/SDR should be in name of borrower.
  • Loan can also be availed in name of firm/corporate provided the FDR/SDR is in name of the firm / corporate.
  • No facility is available against FDR/SDR which is in name of minor.
Margin:
  • 10 % if deposit and loan/Over Draft are in same currency.
  • 20%  if deposit and loan/Over Draft are not in same currency
Repayment:
  • The due date of loan / overdraft will be on or before the due date of FDR/SDR.  If loan / overdraft is availed against more than one FDR/SDR, the due date of loan / overdraft will be on or before the due date of FDR/SDR which is maturing first
* Interest rate is subject to change from time to time. View latest Interest Rate.
** For further details, contact any of our branches in Uganda