KCB Bank customers can now access loans of up to shs250 million without collateral like land titles or car logbooks, to meet their
personal finance and business needs, the financial institution has announced.
The loans, which have a repayment period of up to 84 months, come with interest rates of as low as 17.5%, and are available within 48 hours, if one meets the set requirements, upon request, the bank said.
Announcing the new loan package, Miranda Bageine Musoke, Head of Retail Banking at KCB Bank Uganda said, the bank’s unsecured personal loan campaign dubbed; Kigguse with KCB Bank, seeks to see more Ugandans acquire loans for their development initiatives.
“KCB Bank is passionate about making the lives of our customers better and that is why we will go the extra mile to innovate and make
available financial products that are within quick reach for many," Musoke said.
“It is because of you our cherished customers that we endeavour to deliver the best services that are tailored to promote both personal and business growth. In order for one to qualify for the unsecured personal loan, one needs to have proof of a steady income and an active KCB Bank Uganda account that has been in use for at least 3 months, and it can be used to cover a couple of expenses right down from business related to personal.”
Officials said the new loan package also aligns with government’s effort to promote social economic growth and
a better standard of living for all Ugandans, across the country.