Normal Open

10% p.a.

Normal Open

Description

Flexible loan product based on member savings and share capital multipliers.

Maximum Loan Amount UGX 100,000,000
Interest Rate 10% per annum
Interest Calculation Flat Rate
Maximum Loan Period 3 Year(s)
Repayment Frequency Monthly
Minimum Share Capital X2
Minimum Savings Deposit X2
Processing Fee 1%
Penalty on Default 6%
Insurance Fees 1%
Security Requirements 10m+ Guarantor
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