Stanbic Bank Extends Loan Repayment Period to 120 Months

Kp Reporter·Business·

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Stanbic Bank Extends Loan Repayment Period to 120 Months

Stanbic Bank Uganda has unveiled a refreshed SupaDupa Campaign, reaffirming its commitment to provide customer-focused financial solutions. Speaking at a news...

Stanbic Bank Uganda has unveiled a refreshed SupaDupa Campaign, reaffirming its commitment to provide customer-focused financial solutions.

Speaking at a news conference in Kampala, Israel Arinaitwe, Head of Personal Banking, described the campaign as a practical step to ease borrowing for Ugandans and drive financial inclusion.

The key announcement is an extension of the repayment period for unsecured commercial loans from 84 months to 120 months. The longer tenor means lower monthly instalments, giving borrowers more financial space and predictability.

Arinaitwe said the new tenor covers both salaried and self-employed borrowers, with access to up to Shs350 million on the 120-month horizon. He noted the move is part of a strategic commitment to empower groups such as youth, women, and farmers while supporting financial inclusion across the country.

He said, “The new policy aligns with our purpose: ‘Uganda is our home; we drive her growth.’ This extension gives you more breathing room with easier monthly instalments.”

He stressed Stanbic’s responsibility-driven lending approach and assured customers that repayment plans will be tailored to real-life circumstances. He added that the initiative is based on client feedback and offers practical benefits.

Melissa Nyakwera, Stanbic’s Head of Commercial Banking, said the initiative also supports businesses and schools, with incentives for those paying fees through the bank’s digital platforms.

“As we approach the back-to-school period, we know school fees can be daunting. We are offering clients chances to win cash back of up to Shs200,000,” Nyakwera said.

She explained that the cash-back offer applies to payments made via Stanbic’s FlexiPay, Agent Banking, and USSD *290# channels, which provide convenient, trackable payments from anywhere, at any time.

Nyakwera urged guardians, parents, and school administrators to embrace the Back-to-School Campaign, noting that the bank’s digital solutions are designed for ease of use.

She said, “Every payment through these channels is quick, secure, and trackable, with instant confirmation and a receipt for records.”

This highlights Stanbic’s commitment to building a more inclusive financial system where education is affordable and stress-free.

Prospective borrowers can visit Stanbic Bank branches or connect with the digital banking team to explore the 120-month unsecured option. Existing customers should speak with their relationship manager to review terms and find the best way forward

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