UGANDA, Kampala | Real Muloodi News | Absa Bank Uganda has introduced unique financing packages in response to the unstable economic climate to give clients a better financial foundation to start the year 2023.
The enhanced offerings aimed at salaried workers include no repayments for the first 2-months, 0% arrangement fees, and a 7 year repayment period for unsecured loans for new customers.
Additionally, the bank is providing mortgages of up to UGX 2 billion with 0% arrangement costs for consumers buying properties.
These mortgage deals are intended for any Absa client who wants to buy a home at a competitive interest rate of 18% per month, with a flexible loan period of up to 25 years. Borrowers can loan up to 80% of the value of the property.
For one to qualify for a mortgage loan in Absa Bank, one should be having a net salary of USh3 million per month.
The intervention is opportune because it gives Absa customers a chance to start their new year’s resolutions, including buying their ideal house, automobile, or piece of land or putting their kids through college.
Musa Jallow, the Retail Banking Director of Absa Bank Uganda said, “we want our customers to continue in the spirit of celebrating their numerous achievements by providing opportunities for them to achieve more goals in the new year. These goals could be educating their children, home ownership, purchasing land, buying a new car or starting a business. As such, we are driven to inspire more celebrations, and achievements and the desire to help bring our customers’ possibilities to life.”
“As a customer-centred bank, we are constantly listening to the needs of customers and the industry. We leverage these insights to provide solutions towards becoming the banking partner of choice for everyone in Uganda,” Mr Jallow added.
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