Personal Banking
Personal Banking

Loans Against Bank's Deposits

Loans Against Bank's Deposits

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/OD are in same currency.
  • 20%  if deposit and loan/OD 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

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