Corporate
Corporate

Traders Loans

Traders Loan

Baroda Traders Loan (BTL)

Type of Facility

Overdraft / Loan

Eligibility

All persons engaged in trade of any commodity / goods not prohibited by law or not opposed to public interest. Individuals, Firms, Pvt. Ltd. Co; Proprietorship and partnership concerns engaged in trade, Registered Co-op. Societies are also eligible.

The credit facility may be considered for Traders who are established in their line of business preferably for 2 years.

Trading units established by our existing customers with satisfactory dealings, even if these are established for less than 2 years but more than 1 year.

Purpose

For working capital requirements.

Need based requirement of funds for development of shop by way of loan up to a maximum of 25% of the limit sanctioned for working capital.

Amount of Loan

Minimum Ugx 10,000,000/- (Ten Million)
Maximum Ugx 200,000,000/- (Two Hundred Million)

Assessment of Working Capital

Advance value of collateral security or 20% of the projected annual sales subject to verification of proof of sales i.e. sales tax returns of previous year etc., Which ever is less.

Margin

10% on Bank’s own Fixed Deposit Receipt (FDR). 40% on immovable property as per recent valuation report

Interest*

PLR + 2% with monthly interest rates.

Repayment

Overdraft: 12 months subject to annual review.

Loan

Maximum 48 months (depending on repayment capacity) subject to annual review.

* 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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