Commercial, SME and Corporate Loans
Loans and overdraft facilities extended to SMEs and corporates engaged in profitable business activities in a variety of sectors, including trade and commerce, transport, manufacturing and processing, fishing, building and construction, health, tourism and recreation.
Types of loans
- Working capital loans. Maturity or tenor of one year, e.g. overdrafts and short-term loans
- Development loans. Both short and medium term, with a maturity period of up to 3 years, e.g. for real estate dealers, industrialists and school construction
- Trade finance loans for handling payments in trade: bid bonds, guarantees for advance payment, import loans
- Agricultural loans for financing agricultural business activities in production and processing
- Letters of credit to finance import trade
Benefits
- Flexible repayment plans: monthly, bi-monthly or quarterly
- Multiple disbursements offered to accommodate different stages of business activity
Basic requirements
- An operational current account with the bank for 6 months
- The applicant must be resident within the branch’s designated area of operation
- Securities include registered mortgages on immovable property and guarantees
- Application fee of UGX 100,000 for individuals and UGX 200,000 for corporates
- Arrangement fee of 2%
- Completed loan application form
- Security (either land title or business stock)
- Insurance, registration and valuation of the security are borne by the borrower
- Stamp duty fee of UGX 5,000 per document
- Application letter
Need more help?
Contact Orient Bank by phone or email, or visit any of our branches.