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Revolving Line of Credit

A revolving line of credit differs from other loans in that the credit amount is available to you again after repaying it without you having to reapply for a loan. The repayment amount on your loan may not be more than 50% of your net income. •    Tenor 12-60months •    Max loan amount: UGX 150M

What does it offer me?

  • Customer can re draw the amount paid
  • Personal loan protection plan to cover death  or total disability

 

What do I need to apply?

•    You must be 18 to 60 years old for all other professions but up to 70years for university lecturers and judges.
•    You must have been in continuous employment for at least six months.
•    Your net salary must be at least UGX3-million.

You must have had a bank account into which your salary was paid for at least six months. The account should have been held with Stanbic Bank for at least 6 months; or with another bank for an additional 3 months; if previous account was held by another bank, you will need to provide statements of your accounts held at other banks.


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