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Salary Loan Requirements
Salary Loan Requirements
Main Features:
Minimum loan amount is UGX. 1,000,000.
Maximum loan amount is up to UGX.15m unsecured and from UGX 15m to 30m and above all
loans have to be secured with land title up to UGX100m
Repayable in regular equal monthly loan installments.
Loan period of up to 24 months for only loans below UGX. 15m any loan above it will not be
beyond 36 months for salaried employees.
Attractive interest rate charged on declining balance.
Basic Requirements:
Applicants need not to have a salary account with EAPIL.
Indemnity/undertaking between the Employer and EAPIL.
Employment on permanent or contractual terms for a minimum period of one year.
Original copies of salary pay slips for two months prior application.
Additional security may be required on a case-by-case basis
Deposit of copies of employment appointment letter and/or contract.
Application fee
Bank statement for the last 3 Months.
Three passport size photograph and identification.
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.
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