Loan offered to individuals operating business as their source of income. The loan can be used to boost business like payment of business stock, payment of household utility bills, and purchase of land/plot, purchase of household furniture and equipment, and financing any other household need. Individuals and/or companies are appraised by the EAPIL to qualify as they access this loan facility and enjoy all the relevant benefits.
- Must have been in the same place for more than 6 months
- Security required is strictly land title and valued under our instructions to cover 150% of the forced sale value for the proposed loan
- Atleast bank statement for a year (for banking history)
- A photo copy of financial card.
- Application fee
- One passport size photograph and identification.
Benefits:
- Easy to process and faster.
- Relatively and attractive interest charged.
- It caters for various needs as mentioned above.
- Manageable loan installments whose amounts based on the borrowers income source.
These Loans are offered to salaried employees of reputable organizations and/or companies whose mode of earning is monthly salary. The loan can be used to finance consumer needs like payment of medical bills, payment of household utility bills, and purchase of land, purchase of household furniture and equipment, and financing any other household need. Only employees of organizations and/or companies pre-qualified by the EAPIL can access this loan facility and enjoy all the relevant benefits.
Main Features:
- Minimum loan amount is UShs. 500,000/=
- Maximum loan amount is UGX. 15 million unsecured up to UGX 100M secured.
- Repayable in regular equal monthly loan installments.
- Loan period of up to 36 months for ordinary salaried employees.
- Attractive Interest rate on reducing balance.
Basic Requirements:
- Applicants need not to have a salary account with EAPIL.
- Indemnity/undertaking between the Employer and EAPIL.
- Employment on permanent terms for a minimum period of one year.
- Original copies of recent salary pay slips for two months.
- Appointment letter and confirmation letter.
- Valid identification card such as Driving permit, voter’s card / National ID and passport
- Latest Bank Statement showing salary deposit for at least 6 months.
- Application fee
- Three (3) passport size photograph and identification.
- A photo copy of financial card.
- Installment schedule in case there is a running loan facility.
Benefits:
- Easy to process and faster.
- Relatively and attractive interest charged.
- It caters for various needs as seen above.
- Manageable loan installments whose amounts based on the borrowers net salary.
These are Loans offered to individuals operating business as their source of income. The loan can be used to boost business like payment of business stock, payment of household utility bills, and purchase of land/plot, purchase of household furniture and equipment, and financing any other household need. Individuals and/or companies are appraised by the EAPIL to qualify as they access this loan facility and enjoy all the relevant benefits.
Main Features:
- Minimum loan amount is UGX 1,000,000/=
- Maximum loan amount is UGX 400M
- Repayable in regular equal monthly loan installments.
- Loan period of up to 48 months.
- Attractive Interest on a declining balance.
Basic Requirements:
- No need to have account with EAPIL.
- Must be the owner or co-owner of the business.
- Must have been in business or work place for at least one year.
- Must be a trading license or relevant document.
- Audited books of accounts for at least two years and management accounts.
- Valuation report for the asset to cover the loan (Must covers 150% of the loan).
- Must have been in the same place for more than 6 months.
- Security required is strictly land title.
- At least bank statement for a year (for banking history)
- A photo copy of financial card.
- Application fee
- 4 passport size photographs and Identifications for Directors.
- One passport size photograph per shareholder and photo copy of identifications.
- For company, a copy of certificate of registration, resolution to borrow.
- Loan installment schedule for the case where the borrower has the running loan in another institution.
- Bankable business proposal (with projected cash flows).
- Company profile (For non-individual)
- Tax Identification Number (TIN)
Benefits:
- Easy to process and faster.
- Relatively and attractive interest charged.
- It caters for various needs as mentioned above.
- Manageable loan installments whose amounts based on the borrowers income source.