Salary Loan
Looking for a loan where you can access large sums of money and pay back manageable monthly instalments over a long period of time using your salary, this is for you!
Some of the benefits
The best terms
Loan amounts of up to Ugx200Mn with no collateral required
Customized
Amount and repayments tailored suit your unique credit needs
Support
Large footprint across the country to offer timely loan processing as well as financial guidance
Insurance
Cover in the event of death, permanent disability or retrenchment
What you get
- Best Interest rates in the market.
- Unsecured loan amounts up to Ugx 350 million
- Flexible repayment period up to 120 months.
- Insurance cover (no liability in case death, permanent disability and retrenchment).
- Access funds conveniently through our digital channels. Online banking, Stanbic App and Mobile banking (*290#)
What it costs
- Regulatory fees:
- Stamp duty of Ugx15,000 for loan amounts greater than Ugx3Million.
- Bank loan arrangement fees:
- 2% of loan amount.
- Credit Life insurance.
- Flat monthly insurance charge of 0.143% of the outstanding loan amount.
What you need
- You must have an account with Stanbic
- Must receive a monthly salary.
- For non-Ugandans; you must be living in Uganda with valid residency permit and or work permit.
- Should earn a minimum net monthly income of Ugx 150,000.
- Must be 21 years or older (but not older than 60 years on expiration of the facility).
- A financial card
- National ID
How to get it
Visit any nearest branch to apply.
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What you get
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What it costs
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What you need
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How to get it
- Best Interest rates in the market.
- Unsecured loan amounts up to Ugx 350 million
- Flexible repayment period up to 120 months.
- Insurance cover (no liability in case death, permanent disability and retrenchment).
- Access funds conveniently through our digital channels. Online banking, Stanbic App and Mobile banking (*290#)
- Regulatory fees:
- Stamp duty of Ugx15,000 for loan amounts greater than Ugx3Million.
- Bank loan arrangement fees:
- 2% of loan amount.
- Credit Life insurance.
- Flat monthly insurance charge of 0.143% of the outstanding loan amount.
- You must have an account with Stanbic
- Must receive a monthly salary.
- For non-Ugandans; you must be living in Uganda with valid residency permit and or work permit.
- Should earn a minimum net monthly income of Ugx 150,000.
- Must be 21 years or older (but not older than 60 years on expiration of the facility).
- A financial card
- National ID
Visit any nearest branch to apply.
Calculate how much your monthly loan repayment will be
Your estimated monthly repayment
UGX
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First repayment date
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Total repayments:
UGX
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Total fees and charges:
UGX
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Arrangement fee (once off)
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Bureau charges (once off)
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Insurance: Loan protection plan
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Interest
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Standard Bank provides these calculators for your convenience. All rates and fees used in the calculators are provided as an indication only, and any fees quoted herein are subject to change.
These in no way represent a guarantee that we will grant you a loan. While we make every effort to ensure the accuracy of the calculation, we cannot be held liable for inaccuracies.
Note that the monthly repayment is calculated up to a maximum of 30% of your total gross monthly income.
These in no way represent a guarantee that we will grant you a loan. While we make every effort to ensure the accuracy of the calculation, we cannot be held liable for inaccuracies.
We also offer
Educare Savings and Insurance Account
Save towards a target amount for your children’s education or for a specific need and receive a high interest on your savings from the bank. You automatically receive life insurance to cover your target savings amount in case of death or permanent disability.
Working Capital Loan
Keep your business running with this advance to finance repeat orders