Product designed to entrepreneurs with a registered business in need of a working capital to boost their businesses, clients in need of this product should possess a collateral and ready to provide a guarantor. Maximum up to legal ,imit.

Activity in trading

• Identification card

Full secured loan by discounting the invoices that have extended maturity dates to enable our clients to overcome their cash flow shortage -. Maximum 80% of invoice value

• Open account in UB
• Procurement contract, sub-contract or Purchase Order
• 20% of customer contribution
• Experience in business or in tender execution

• The invoice has to be paid through your UB account
• Automatic deduction from your account once in voice payment is made
• Loan Payment period is equal to the invoice maturity
• Finance of up to 80% of invoice proceeds
• 5 days Maximum processing period

Medium and long term facility for acquisition, renovation or construction of residential houses, commercial buildings, schools, medical clinics, etc

• Open account in UB
• Regular income (from: salary, business, livestock, rent, etc...)
• 30 % for other customers

• Application letter
• Company Registration Certificate/ID copy of the applicant and his guarantor
• Legal status certificate - RRA Tax Clearance Certificate
• Valuation report of the property and bill of quantity of remaining work (done by a valuer, which has a partnership with UNGUKA Bank Ltd)
• 34: Construction permit
• Collateral title documents
• Act of lending property if the collateral doesn’t belong to the borrower
• Life insurance is mandatory
• Fire insurance
• Provision sales agreement for purchase
• Notified Board resolution for companies
• Bank statements for the last 6 months (if account held with another financial institution)