At Uganda Bankers Sacco you can buy shares, save money and take loans.Below are important details about the Sacco:
- Location: Plot 17 Hannington road, Crested Towers building, Short tower, 6th Floor
- Email: info@ugandabankersacco.com
- Phone: + (256) 31 222 4585 / + (256) 31 222 4238
Shares account is non-withdrawable
Share Capital
This represents a member’s portion of equity in the society.
- Each member needs to have share capital minimum of 100,000 UGX
- Each share is priced ar 1,000 UGX each
- It’s an excellent account for long term savings with attractive dividends. These shares are non-refundable but can be transferred to an existing member.
These are continuous savings that members make to the SACCO throughout their membership
The features are:
- Encourages a saving culture
- Monthly minimum contribution is 20,000 UGX
- Earns interest every year on a monthly basis
- Allows members to access loans
It’s a children’s savings account meant for short term future financial needs
Features
- Minimum savings of 10,000 UGX per month
- Competitive interest rates
- Withdrawal allowed every 4 months
- No ledger fees
This is a business savings account that earns 6.5% per annum
The features are:
- Share amount is 200,000 UGX
- Minimum balance is 100,000 UGX
- Fee is 20,000 UGX to join
- For repayments, debit order forms or STOs are required.
- Registration documents for your business
- Directors must be members of the SACCO
This is a business loans account that earns 10.5% per annum
The features are:
- Minimum amount is 5,000,000 UGX
- Maximum amount is 100,000,000 UGX
- 50,000,000 UGX and above requires collateral
- Maximum loan period is 48 months
- Requires bank statements
- Debit order form is required for people who are outside Stanbic bank but have Stanbic accounts
Description
It is suitable for welfare and developmental purposes
Features
- Minimum savings of 150,000 UGX per month
- Minimum number of group members is 3
- Withdrawal is twice a year
- No ledger fees
These are loans granted for purpose of building, school fees, car purchase, agriculture etc.
Features
- Given out at a ratio of 1/3
- Maximum loan tenure is 36 months
- Partial withdrawal up to a maximum of 50% of net deposit after clearance of outstanding loans once a year
- Disbursement to be processed in 24 hours up to submission of full documents, current pay slip, loan application forms
- Applicant should have saved for 6 months
- Loan top up is available after 4 months.
- Interest charged on reducing balance at 11% per annum.
These are loans disbursed purposely to purchase land
Features
Loan tenure of 60 months
Land should be in a radius of 20KM from major cities
Interest of 10% on reducing balance is charged per annum
Initial deposit of 30% value of land is required
The title is kept with the SACCO offices until completion of the loan
