Instant Loans
This is extended to members with immediate cash requirements for various purposes.
Features
- Loan amount of 100,000 - 1 million UGX
- Payable in 2 months at a 5% interest rate on a straight line.
- Disbursed through Mobile Money
- Payment can be done through Allotment and cash deposits to SteadFin Bank Account
Plan Benefits
- Swift processing
- Flexible repayment arrangement
- Flexible repayment terms whose amounts are based on the borrower’s earning slip.
- The Loan amount is insured in case of death and permanent disability to the borrower
Requirements
- Available source of income (earning slip to prove grade), business streams (other income sources).
- Completed Loan application form
- Change of allotment (if required)
- Postdated Cheque (loan + interest) for balloon payments
