• Wed. Nov 29th, 2023

Stanbic Bank Offers New Loans at Competitive Interest Rates

UGANDA, Kampala | Real Muloodi News | In the run-up to Christmas, Stanbic Bank is launching a series of interesting promotions. On 1 November 2021. Stanbic Bank is offering unsecured personal loans with interest rates as low as 16 per cent.

Stanbic Bank offers three long repayment periods. The first repayment period is up to 72 months for unsecured advances to salary earners. The second repayment period is up to 10 years for land financing, and the third is up to 20 years for a home purchase.

“After a tough year that saw many Ugandans spend their savings as they stayed home because of COVID-19, our offer is to facilitate our customers to celebrate life as they prepare for opportunities in the coming year,” said Sam Mwogeza, Head Consumer and High Net Worth at Stanbic Bank.

Stanbic Bank has ensured customers can easily access these deals at the lowest and competitive interest rates. One can apply, and they grant an offer within minutes. The values are heavily discounted and can be accessed through Stanbic Bank’s mobile, digital, and physical locations countrywide.

They include vehicle financing deals, land purchase or home improvement deals, to mention but a few. Discounts are available to current customers with or without loans.

Non-customers can also access the deals. To be eligible, one can quickly register for a fully functional Stanbic Bank account online.

According to economic experts, such financial subsidies are paramount to speeding up Uganda’s economic recovery from the pandemic.

“These offers are going to run until the end of the year,” said Stanbic Bank in a press release. “All existing Stanbic Bank salaried and self-employed customers have been pre-approved for various credit segments based on different lending parameters.”

About Stanbic Bank

In 1991, Standard Bank Group (The Group) acquired Grindlays Bank. The new owners renamed the Ugandan subsidiary Stanbic Bank Uganda Limited (SBUL).

In February 2002, the Group acquired 90% of the shareholding in Uganda Commercial Bank Limited, a government-owned bank with sixty-five branches. The Group merged their new acquisition with the existing Stanbic Bank (Uganda) Limited to form Uganda’s largest commercial bank by assets and branch network.

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