Table of content:
The Absa Scheme Loan was created for salaried people who have ambitions that they would like to see come true. It is organized through your employer, and the payments are taken out of your salary in instalments.
It’s the appropriate loan for you if you want to pay for school costs, finish a housing project, purchase a car, or pay rent among other things.
What you get from the Absa Scheme Loan plus Benefits
- Take advantage of competitive, fixed interest rates.
- Because interest rates are fixed, there are no surprise rises.
- You receive free credit protection.
- Adaptable repayment schedules.
- Free credit protection.
- Calculating interest on a loan-reducing basis
- A freestanding order is established.
- It is easy to organize.
- You are eligible even when you don’t have to bank with Absa Uganda right now.
Requirements for the Absa Scheme Loan
These are the requirements to apply;
- You should have a minimum net monthly income of UGX600,000 if you are employed.
- A valid Identification document (passport: mandatory for foreign nationals/national ID/driver’s license).
- Letter of undertaking from the employer.
- Recent payslip.
- Recent Passport photo.
- Copy of financial card.
- HR and fraud clearance.
Conclusion
Anyone with the above requirements is eligible to apply for the Absa Scheme loan. The application process can be done online via the Absa Bank website or by personally visiting their offices.
