Loan/Debt

Centenary Bank – Savings Linked Loan

Posted 6 months ago

Description

Short-term loan product requiring a customer who is either s Producer-farmer or Processor to save every month a certain sum for a specific period to reach a targeted amount and at the end of the savings term – usually 12/24 months the customer can be availed a loan against the savings for financing a certain purpose like acquisition of farm equipment, building a farm store or purchase of agricultural processing equipment.

Funding Procedure

Requirements: Completed lease application form Financial Card Cash contribution for the asset/equipment purchase Valid identification of the leassee and the leased asset Applicant resident within the branch’s designated area of operation Possession of relevant business experience

Contacts

Tel: 0800 200555, +256 317202315, +256 417 202 002. E-mail: info@centenarybank.co.ug