In a bid to revive the economy, Stanbic Bank is offering quick and affordable loans at the lowest interest rates with no charges on arrangement fees to transfer a loan from another bank, in order to empower individuals and personal businesses.
According to Jackson Emanzi, the head of lending at Stanbic Bank Uganda, the bank has a number of friendly loan solutions such as Salary Loans, Business Working Capital Solutions, Medium Term loans, Instant Cash Advance, Short Term Overdrafts, Vehicle & Asset Finance, Commercial Property Loans that are affordable with a flexible loan repayment plan of up to 72 months.
“We have made it so much cheaper for customers taking personal loans by offering ZERO loan arrangement fees. You can move your loan to Stanbic Bank and enjoy the lowest interest rate of 16% in the market,” Emanzi said.
"Our different loan solutions such as the salary loans which are granted to customers earning a salary have a flexible loan payment schedule that can be extended up to 72 months with unsecured loans going up to Shs200 million. We ensure that the monthly payments are less than 50% of your income," he explained.
Emanzi says the bank also has Medium Term Loans that run up to 60 months to allow for investments that require large sums of money for business expansions and investment in the purchase of equipment.
They also have the Vehicle & Asset Finance loans where the bank finances the purchase of vehicles and other equipment like generators, industrial plants and equipment among others.
During the loan offer period that ends on December 31, he said, customers will enjoy faster access to loans, zero arrangement fees, 16 percent low-interest rate and a flexible repayment plan.
"The campaign is intended to empower businesses and individuals with various lending products, most of which can be accessed by the client on our online platforms. Whether you are a business person, a contractor, professional, or an employee of the government and in the private sector, our lending solutions are customized to suit your needs," he said.
"We have pre-approved some of the loans which can now be accessed via our internet banking portal.”