School Fees Loan

School fees

On the road to a brighter future

A short term credit facility that is intended to facilitate the payment of school fees by parents, guardians and caretakers for their school-going children.

Why you should apply for this loan

  • Facilitates educational financing needs of parents/guardians/caretakers.
  • Short loan period of 3 months for primary and secondary and 6 months for university and tertiary education.
  • Flexible collateral.
  • The loan can be accessed for a number of cycles as long as the client repays well.
  • Competitive interest rate.

Qualifications for this loan

  • Individuals with active businesses or Group borrowers.
  • Applicant must be 18 years and above.
  • Sufficient collateral for both the existing loan client up to 100% for BL and SGL up to 60%. (No collateral required for Village Group Lending)
  • CRB registration.
  • Guarantorship for Group clients.

Comes with outstanding benefits

  • Relatively large amounts of up to Shs.3 Million.
  • Flexible repayment terms and periods of 6 – 18 Months.
  • No collateral requirements for Village Group Clients.
  • Faster loan processing time (within 48 hours*).

*Upon submission of all the required documentation

  •  Available for individuals and Group customers.
  • Affordable since loan is based on client’s capability.
  • No cash collateral.
 
FINCA Uganda Ltd (MDI) is a Microfinance Deposit Taking Institution regulated by Bank of Uganda under the MDI Act 2003.
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