Who this loan is for?
This loan is ideal for SACCO members who urgently need financial support to respond to emergencies. Whether it’s covering hospital bills, funeral expenses, or damage recovery due to a disaster, this product offers quick relief in times of crisis.
- Emergency Loan
Loan Details
Required Documents
- Valid National ID of the applicant
- Completed loan application form
- 2 eligible guarantors with valid IDs
- Passport photo of the applicant and next of kin
- Proof of emergency (if available, e.g., hospital receipt, death certificate)
Additional Charges
- 0.7% loan insurance
- 2% loan commission
- 1% loan monitoring/appraisal fee
- UGX 15,000 stationery charge
- UGX 15,000 stamp duty (if loan is above UGX 3 million, though typically not applicable here)
Why Choose This Loan
- Quick processing for urgent needs
- Flexible and short-term repayment period
- Designed specifically for unplanned life events
- Simple documentation and easy access
- Loan Features
Up to a maximum of 2M
Loan Amount
Members can borrow up to a maximum of UGX 2,000,000, depending on the urgency and assessment of the need.
Repayable within 6 months
Repayment Period
The loan must be repaid within 6 months, allowing for short-term financial stability without long-term debt.
42% per annum
Interest Rate
A maximum interest rate of 42% per annum, on a declining balance basis, applies. The actual rate is determined and approved by the SACCO loan committee.
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.
