Waza Quick Loan

Waza Quick loan

This is a loan product designed for members who have short time financing needs not exceeding one year. It is aimed at enabling members get affordable credit to supplement on their working capital requirements.

Product features and benefits

• Maximum loan size of UGX 50M.
• Attracts interest rate of 12% per annum.
• Maximum loan period of 1 year.
• Repayment capacity at  60%
• Refinancing at 50% of loan period
• Processed within 12 working hours
• Interest rate charged on reducing balance
• Processing charges (protection fund 2%, commission fee 1.5%& loan application fee 10,000)

Loan Granting Procedures

Basic Considerations when appraising loans