Baroda LPO Loan
Clean Demand Loan to reputed customers towards supply of Goods/Services rendered against the confirmed order from Government Institution/ Department.
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Target Group
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Purpose
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Limit and Margin
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Eligibility
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Rate of Interest
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Repayment
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Securities
- Corporate body incorporated for more than 5 years.
- Clean Demand Loan to reputed customers towards supply of Goods/Services rendered against the confirmed order from Government Institution/ Department.
- Minimum - UGX 250 Million Maximum - UGX 1,000 Million
- 20% on Local Purchase Order (LPO).
- Individuals are not eligible under this scheme.
- Net worth over UGX 100 Mn. as per latest audited balance sheet.
- Profit making company as per latest audited financials.
- Minimum current ratio 1.17 and above.
- Minimum Credit Rating ‘A’ as per last audited Balance sheet.
- Buyer/Supplier maintaining current account with our bank.
- 3% over PLR with monthly rest for loan in home currency (Ugandan Shilling).
- Penal interest of 5.00% p.a. to be recovered from the borrower in case default in repayment schedule.
- 3-6 months.
- D.P. Note.
- Personal guarantee of all directors/substantial shareholder
- Advance cheques (Post-dated) for repayment.
- Letter of installments.
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