Retirement loans
This loan is extended to retiring members to enable them to plan early and start income-generating projects that will support them during retirement and is fully secured.
Features
- A competitive interest rate of 10%p.a at repayment.
- Loan amount of up to UGX 200 million.
- Payable in a maximum period of 1 year from the time of loan disbursement.
- Fully Secured by the collateral of perfected security and/or projected in-cash flows
Plan Benefits
- Enable members to plan early for their retirement
Requirements
- Copy of Defined Contributions Plan (DCP) payment
- Completed Loan application form
- Bank Transfer Form or Postdated Cheque
