This loan facility is designed for small businesses, to provide solutions to their immediate financial needs. Disbursements are made in coins.
- A valid identification of individual or registered business, like validdriving permit, passport, voter’s card and employer’s identity card
- An account well maintained for atleast six months with no unpaid cheques
- For new accounts, certified statements from previous banks for atleast six months
- Proof of running business, if a non-salary earner.
- A complete loan application form CRB financial card reference number
- Disbursements will be made in coin denominations of UGX 50, UGX 100, UGX 200 , UGX 500 and UGX 1000 in absence of coins
- A guarantor who holds an account with Tropical Bank Limited
- Motor Vehicle log book
- Certificate of land title deposit
- Minimum advance of UGX 500,000
- Maximum advance of UGX 1,000,000
- Monthly repayment for a period between 3 months and 12 months
- Low interest rate at the Prime Lending Rate
- Loan top up after 50% of the loan is repaid
- Early repayment is acceptable with no charge or penalty