Below are the requirements:
- The applicant must hold an account with BFS.
- Loan size ranges from Shs.100, 000 to Shs. 200,000,000. It can go up to Shs. 300,000,000 under special consideration of the Board.
- Are offered at 2.5% interest on reducing balance per month for those who prefer to buy shares and 1.99% flat rate for those who buy only one share (one share category).
- Loans are no longer tagged on shares at BFS, lending depends on the business appetite of the borrower as opposed to shares.
- Repayments can be made monthly, quarterly, or binary depending on the nature of the business.
- Payable in a period not exceeding 24 months.