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Unsecured Personal Overdraft

UPO

In need of temporary bridge financing to meet your day to day business needs? Take up the Unsecured Personal Overdraft and pay back directly from your current account. It is a convenient short-term borrowing facility ideal for unplanned business expenses

 

 

Some of the benefits

The best terms

Only pay interest on what you use, NOT on the full amount on which the limit is set

Tailor made solutions

Choose a facility tenor of your choice between 1 month to 12 months

Available

Access cash as and when you need it.

Insurance

Cover against death
What you get
  • Competitive interest rates in the Market.
  • Loan amounts up to UGX 100 Million.
  • Flexible repayments between 1 month to 12 months.
  • Only pay interest on what you use, NOT on the full amount on which the limit is set.
  • Insurance cover in the event of death.
  • Access services from any of our branches.
What it costs
  1. Stamp duty fees:
    1. A flat fee of Ugx15,000 for facility amounts of Ugx3Million and above.
  2. Bank loan arrangement fees:
    1. 2% of loan amount.
  3. Insurance cover.  (This is tiered according to the tenor of the overdraft facility)

Term

1 month

3months

6months

9months

12months

Death

0.0434%

0.0906%

0.1786%

0.298%

0.03065%

 

Pricing guide

What you need
  • Must open an account with Stanbic
  • Must receive a monthly salary for salaried customers / monthly income for self-employed customers.
  • Must operate an account with Stanbic Bank for a period of not less than 12 months.
  • For non-Ugandans you must be living in Uganda with valid residency permit and or work permit.
  • Should earn a minimum net monthly income of Ugx 500,000.
  • Must be 21 years or older (but not older than 60 years on expiration of the facility).
  • You must have a satisfactory credit bureau report.  
How to get it
Visit any branch to apply
  • What you get
  • What it costs
  • What you need
  • How to get it
  • Competitive interest rates in the Market.
  • Loan amounts up to UGX 100 Million.
  • Flexible repayments between 1 month to 12 months.
  • Only pay interest on what you use, NOT on the full amount on which the limit is set.
  • Insurance cover in the event of death.
  • Access services from any of our branches.
  1. Stamp duty fees:
    1. A flat fee of Ugx15,000 for facility amounts of Ugx3Million and above.
  2. Bank loan arrangement fees:
    1. 2% of loan amount.
  3. Insurance cover.  (This is tiered according to the tenor of the overdraft facility)

Term

1 month

3months

6months

9months

12months

Death

0.0434%

0.0906%

0.1786%

0.298%

0.03065%

 

Pricing guide

  • Must open an account with Stanbic
  • Must receive a monthly salary for salaried customers / monthly income for self-employed customers.
  • Must operate an account with Stanbic Bank for a period of not less than 12 months.
  • For non-Ugandans you must be living in Uganda with valid residency permit and or work permit.
  • Should earn a minimum net monthly income of Ugx 500,000.
  • Must be 21 years or older (but not older than 60 years on expiration of the facility).
  • You must have a satisfactory credit bureau report.  
Visit any branch to apply
Online Account opening

Welcome to a new world of simplicity and convenience

DOWNLOADS
Application for Unsecured Personal Loans
Includes 'Terms and Conditions' for Unsecured Personal Loans
2020 04 03
25KB
PDF
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