Loan product
Innovation and Technology Loan
Matching capital to commercialise innovations.
Matching finance for innovations in ICT, agritech, fintech, renewable energy, health technology and engineering, with flexible repayment linked to revenue milestones. Also finances digital service enterprises, software firms and technology repair and assembly businesses.
- Eligibility
- ICT, science and engineering innovators.
- Amount range
- UGX 2,000,000 to UGX 50,000,000
- Maximum repayment period
- 36 months
- Interest rate
- 10.5% p.a.
- Calculation method
- Reducing balance
- Guarantors
- 2 active members
- Collateral & security
- Innovation grant co-funding and guarantors.
- 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 440,743
- Total interest
- UGX 288,915
- Total repayment
- UGX 5,288,915
Illustration only. This is not a loan offer or approval. Actual terms, fees and eligibility are confirmed in your loan agreement after appraisal.