Loan product
Emergency Loan
Quick support for urgent personal needs.
Up to UGX 2 million for urgent needs such as medical bills or school fees, for up to six months. Set at the ceiling rate because it is personal rather than productive and small loans cost the most to administer.
- Eligibility
- Members in good standing.
- Amount range
- Up to UGX 2,000,000
- Maximum repayment period
- 6 months
- Interest rate
- 13% p.a.
- Calculation method
- Reducing balance
- Guarantors
- Not required
- Collateral & security
- The member's savings.
- Fees
- Processing fee of 1 percent of the loan. Credit-life insurance at cost. Late payment: 1 percent per month on the overdue instalment only. A key facts statement before disbursement.
Repayment illustration
Estimate your repayments
Reducing balance estimate
Estimated monthly repayment
UGX 865,214
- Total interest
- UGX 191,286
- Total repayment
- UGX 5,191,286
Illustration only. This is not a loan offer or approval. Actual terms, fees and eligibility are confirmed in your loan agreement after appraisal.