Loan/Debt
Opportunity Bank – SME Agriculture Loan
Description
Opportunity Bank Uganda (OBUL) recognizes the vital role that small and medium-sized enterprises (SMEs) play in the agricultural sector. To support the growth and development of these businesses, OBUL offers the SME Agriculture Loan, a specialized financial product tailored to meet the unique needs and challenges faced by SMEs operating in agriculture in Uganda.
Fund Structure
For financing of agricultural inputs, production, processing, marketing and distribution.
Loan Amount: Above UGX 20,000,000- UGX 3,600,000,000
Loan duration: 3-36 Months
Repayment Frequency: Monthly, quarterly, bullet, flexible, but dependant on cash flow.
Contacts
Tel: ...0800 306 306 (Toll Free)
...+256 754 680 049
Email: customerservice@opportunitybank.co.ug
ADDITIONAL FMC INFO
Requirements:
Set Up Fees 4.3% of the Loan Amount
Free Insurance
Application Fees 20,000 for loans upto UGX 50M and 50,000 for loans above 50M payable at application,
CRB Search fees UGX15,000 payable at appication.
Stamp Duty UGX 15,000 for loans above UGX 3M
Securities: A combination or two or more of the following: Fixed Deposits, Chattels, Motor Vehicle log books, Land titles and agreements, Debentures for companies,Guarantors
Interest rate : Reducing Balance
