Who this loan is for?
This loan is ideal for SACCO members looking to acquire tangible assets like plots of land, residential or commercial buildings, and automobiles. It’s a great option for individuals investing in personal property, business infrastructure, or family assets.
- Asset Acquisition Loan
Loan Details
Required Documents
- Valid National ID of the applicant
- Completed loan application form
- 2 guarantors with valid IDs
- Passport photo of the applicant and next of kin
- Proof of the asset being acquired (e.g., sale agreement, valuation report, vehicle logbook)
Additional Charges
- 0.7% loan insurance
- 2% loan commission
- 1% loan monitoring/appraisal fee
- UGX 15,000 stationery charge
- UGX 15,000 stamp duty (for loans above UGX 3 million)
Why Choose This Loan
- Access large funding to acquire life-changing assets
- Secure financing with the asset being purchased
- Helps you grow wealth and stability through ownership
- Flexible terms to match asset type and use
- Loan Features
Loan Amount
Members can access from UGX 300,000 to UGX 300,000,000, depending on the value of the asset and their repayment ability.
Repayment Period
The loan is repayable over a period of up to 36 months, making it suitable for major purchases with long-term benefits.
Interest Rate
An interest rate of 36% per annum is charged on a declining balance basis.
Asset Valuation:
Assets are financed up to 50% of their market value, and the asset itself can be used as collateral.
Monitoring Support
Projects financed under this loan may be monitored and refinanced, depending on the borrower’s progress and financial behavior.
Ready to Apply?
Visit your nearest branch or call 0782378716 to speak to a loan officer.
You can also email us at rwanyamahembesacco@yahoo.com.
