A revolving term loan gives you access to a that you can repay over 36 months. The repayment amount on your loan may not be more than 40% of your net income.
How to apply
You will need to visit a Stanbic Bank branch to apply. You will need to bring with you proof of:
Minimum requirements for applying
- You must be 21 to 55 years old.
- You must have been employed for the past year.
- Your net salary must be at least UGX750,000
- You must have had a bank account into which your salary was paid. You must also have managed the account responsibly with no dishonours. The account could have been with Stanbic Bank for six months; or with Stanbic Bank for three months and with another bank for three months; or 12 months with another bank.
- You will need to provide us with statements of your accounts held at other banks.