Loans
Our Loan Products
At Nsoba Sacco, we offer tailored loan solutions to meet your diverse financial needs. Whether you're expanding your business, investing in education, or facing unexpected expenses, our loan products are designed to provide you with the financial support you need, with competitive rates and flexible repayment terms.
Business Loan
For members' business capital and investment needs. Perfect for expanding your business operations, purchasing equipment, or boosting working capital.
Eligibility:
- Member-owned business
- Valid business licenses
- 6+ months operation
- Cashflow covers loan repayments
Terms & Conditions:
- Loan: Up to 80% of member's net worth
- Period: 24 months maximum
- Repayment: Monthly
- Fees: 2% processing, UGX 10,000 app fee
- Security: Savings, investments, guarantors, collateral
School Fees Loan
For members to cover education expenses for themselves or dependents. Invest in your future or your children's education with our affordable school fees financing.
Eligibility:
- Student proof required
- Stable income source
- Active member status
- Good cash flow
Terms & Conditions:
- Loan: Up to 80% of savings + capital
- Period: 4 months maximum
- Repayment: Monthly
- Penalty: 1% of arrears (30+ days)
- Application Fees: Shs 10,000
- Security: Savings, investment units, guarantors, collateral
Emergency Loan
For members' urgent needs like medical costs, burial expenses. Get quick access to funds when you need them most during life's unexpected emergencies.
Eligibility:
- Fully paid-up member
- Stable income source
- Good repayment history
- Active membership status
Terms & Conditions:
- Loan: Up to 50% of net worth in Sacco
- Period: 3 months maximum
- Payment: Monthly or lump sum
- Fees: 2% processing, Shs 10,000 app fee
- Penalty: 2% of arrears (30+ days)
- Security: Savings, investments units, collateral
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