Housing Group Finance Loan

8% p.a.

Housing Group Finance Loan

Description

Group-based housing finance where 3 members guarantee each other.

Maximum Loan Amount UGX 200,000,000
Interest Rate 8% per annum
Interest Calculation Flat Rate
Maximum Loan Period 4 Year(s)
Repayment Frequency Monthly
Minimum Share Capital 10%
Minimum Savings Deposit 25%
Processing Fee 1%
Penalty on Default 6%
Insurance Fees 1%
Security Requirements Collateral Total Savings & Shares of 3 members
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