NORMAL LOAN

• Normal Loan at 10% flat for up to 24 months & 12% flat for the period above 24 months but not exceeding 36 months.
• Not exceeding two times the member’s/individual savings.
• Maximum loan period is three years (36 months).
• A minimum of Ugx 500,000/= in savings.
• Completed loan application form.
• Proof of source of income (recent pay slip).

QUICK LOAN AT 10% per annum

• Maximum loan period is Six (6) months
• Not exceeding two times the member’s/individual savings.
• Completed loan application form.
• Proof of source of income (recent pay slip).

PRODUCT LOAN

• Real estate/ Land loans

  • Maximum loan period is three years (36 months)
  • Completed loan application form and sales agreement
  • Proof of source of income (recent pay slip)

• Boda boda loans

  • Maximum loan period is three years (36 months)
  • Completed loan application form
  • Proof of source of income (recent pay slip)

• Appliance loans

  • Maximum loan period is Six (6) months
  • Not exceeding Ugx 2,000,000/= (Two million shillings only)
  • Completed loan application form
  • Proof of source of income (recent pay slip)

QUALITY SUPER LOAN 15%

• Maximum loan period is One (1) month
• Eligibility is limited to service providers to CiplaQcil with signed two year contract with Cipla.
• Completed loan application form.

EMERGENCY SUPER LOAN 30% per annum

• Maximum loan period is Six (6) months.
• Completed loan application form.
• Proof of source of income (recent pay slip).

BUSINESS LOAN

• Maintain 30% of loan amount as savings securing the loan until its complete.
• Provide adequate collateral security subject to verification by the loans committee.
• Collateral provided as security should have a forced sale value exceeding 70% of loan amount.
• Maximum loan amount is 10% of society’s total savings and shares.

CASH ADVANCE 5%

• Maximum loan period is One (1) month.
• Payable in a single installment