Commercial loans

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.
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