Glory School fees loan

This product is given to members to pay school fees
Members deposit money on the school fees account and in case the money needed for fees is more, then the society tops up with a loan advance.

The following applies to the acquisition of school fees loans:
a) The maximum amount of principle sum guaranteed to the member shall not exceed 10 times the members’ share capital because of the added
collateral
b) Currently, the maximum amounts of school fees loan is (one) 1 million Uganda shillings.
c) Any amount exceeding shillings UGX 200,000 shall require collateral/security unless such a loan is fully covered by members share capital/fixed
deposits, and such a member has not guaranteed anybody.
d) A minimum of two guarantors is required unless such loans are fully covered by the member’s shares or fixed deposit amount, and such a member
has not guaranteed anybody.
e) The maximum repayment period is three (3) months
f) An affidavit signed by the society‘s lawyer is required if the payment period exceeds three (3) months.
g) Interest rate is 10% on flat rate. For the three month
h) Loan processing fee of 1%of the loan applied for shall be charged.
i) Insurance of 1% of total loan shall be charged
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SAVING PRODUCTS
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Voluntary Saving
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Fixed Deposit
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Harvest Super Save
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LAON PRODUCTS
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Business Loan
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Individual Loan
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Group Loan
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School Fees Loan
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Emergency Loan
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Taka Loan
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Church Taka Loan
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INVESTMENT PRODUCTS
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Shares
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Land
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Investment
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Banking Services provided by Glory Savings and Cooperative are monitored by the Registrar of Cooperatives.
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Saving Facilities

Voluntary Saving
Fixed Deposit
Harvest Super Save

  
Loan Facilities

Business Loan
Individual Loan
Group Loan
School Fees Loan
Emergency Loan 
Investment Facilities

Shares

Land

  
Our Contacts

Glory House, Kasubi - Kawaala Lane, Plot 5167, Kampala.
P.O.Box 9543, Kampala, Uganda
Tel: (256) 0752-129501
Mobile: (256) 0704-050229
E-mail: glorysavingsandcredit@gmail.com
Monday - Friday: 8:30 AM - 17:00 PM
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