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Do you want to borrow money from Centenary Bank in Uganda? It’s possible to get a loan or Cente Salary loan with Centenary Bank, provided you have a verifiable source of regular and reliable income.
However, a lot more also goes into getting this bank loan and we’ll be letting you know more about that. Keep reading through to discover more.
Features of the Centenary bank salary loan
With the CenteSalary loan, you may make your grand ideas and dreams a reality. Here are some of the loan’s most important features;
- Loans for a salary of up to UGX 250M
- Access to a committed Relationship Manager
- Fixed-rate mortgages
- Low loan processing costs
- Seminars on free financial education
- Manageable installments for repayment
- Flexible terms for loan top-up.
Requirements for getting a Centenary Salary loan
- Applicant must have a current or Savings account with Centenary bank.
- Should have a permanent source of employment for at least 1 year or more.
- There should be at least 2 salary payments made to the account.
- A copy of the appointment letter.
- To consistently bring in money (salary or pension)
- To live in the service area of the branch.
- Employer’s promise to update the bank on any changes to employment status.
Benefits of the Centenary Bank Salary Loan
- Up to five years for loan repayment and ten years for secured salary loans.
- Processing a loan takes only 24 hours.
- Generosity in interest rates when the balance is reduced
- Using CenteMobile, you can access your account from your phone.
- Access to more than 171 Centenary Bank ATMs, ATMs that accept Visa, and swap banks.
- SMS notifications of each account transaction.
Conclusion
The Centenary salary loan allows you to enjoy longer loan repayment periods, loan top-up after 50% payment, and more.
To acquire a Centenary bank Salary loan please visit the nearest Centenary Bank branch near you with the requirements.
