Centenary Bank offers several types of personal loans such as the Cente Salary Loan, Cente Land Loan, Cente Solar Loan, Cente Mortgage Loan, Cente Home Improvement Loan, and Housing Loans.
These personal loans can be taken out for a variety of reasons, including major purchases, debt consolidation, unanticipated needs, and more. Over several months or even several years, these loans are repaid in monthly installments.
Depending on your situation and how consistently you make your payments, it may take longer.
Here are the different types of personal loans offered by Centenary Bank.
Cente Salary Loan

With the Cente Salary Loan, you can obtain quick loans with flexible repayment plans for medical care, education, the purchase of assets, starting a business, or any other legally profitable endeavor.
Features
- Salary loans of up to UGX 500M
- Fixed interest rates
- A dedicated Relationship Manager
- Low loan processing costs
- Seminars on free financial education
- Manageable installments for repayment
- Flexible terms for loan top-up.
Requirements
- Should have a Current or Savings account with Centenary bank
- A completed loan application form
- Should be a regular income earner (either on salary or pension)
- Required to be a resident in the branch’s area of operation
- Have permanent employment for at least a year
- Must have made at least 2 salary payments to the account
- A copy of the appointment letter
- A promise that the employer will update the bank with any changes to the employee’s status
Benefits
- Up to five years for loan repayment and ten years for secured salary loans
- Processing a loan in 24 hours
- Attractive interest rates when the balance is declining
- Using CenteMobile, you can access your account from your phone
- Access to more than 171 ATMs run by Centenary Bank, as well as ATMs with Visa capabilities and inter-switch banks SMS alerts on each transaction performed on the account.
Cente Land Loan
This loan was created expressly to pay for the acquisition, survey, and registration of land. The Micro and Retail client segments are the ones who will receive the loan.
Accredited Land Surveyors for the Bank who ensure delivery of the land registration certificate to the Bank and carry out the survey and registration of the land.
Features
- Maximum loan of UGX 30 million
- 3 months as the minimum loan term and 36 months as the maximum
- Rate of interest applied to declining balances
- 0.45% of the loan’s value is the insurance premium.
- UGX 20,000 application fee plus a 2% processing fee
- If necessary, a flexible grace period is offered
- Any other acceptable collateral, as well as a registered mortgage on the property being purchased or registered
Requirements
- Hold a Current or Savings Bank account
- Completed loan application form
- Payment of loan processing fee
- Financial card
- Land evaluation report
- Source(s) of verifiable consistent and dependable income(s) to service the loan
- The major collateral is land.
- 125% Loan Security Margin (LSM).
- For applicants with borrowing histories, and good credit backgrounds.
- A 10% minimum required contribution toward the project’s overall cost.
Benefits
- Zero monitoring costs
- Adaptable payment schedule
- Aids low-income individuals in acquiring or formalizing their land ownership
Cente Solar Loan
The Solar Loan from Centenary Bank is a quick loan for paying for solar power installation and purchase at homes and businesses.
Features
- UGX 100,000 for a minimum loan and UGX 20,000,000 for a maximum loan
- 6 months minimum and 24 months maximum for the loan term
- A loan cannot be for more than 70% of the cost of buying or installing solar equipment.
- Charged interest based on a declining balance
- Flexible and consistent payback schedule
Requirements
- Hold a Current or Savings Centenary Bank account with Centenary
- Completed loan application form
- Payment of loan processing fee
- Financial card
- A dependable source of income that can be used to pay back the loan
- Customers’ locations must be in the branch’s defined area.
- Original proforma invoice from the solar equipment’s supplier
- Moveable, immovable, and guarantor securities are utilized to secure the loan.
- Purchased solar equipment must include security. Loan securing value to equal 150% of the loan
Benefits
- Quick processing (within 48 hours)
- Reasonable interest rates
- Flexible repayment schedules determined by the borrower’s cash flow
- Loan term of up to 24 months maximum
- Government subsidy for customers who live 100 meters or more from the grid
Cente Mortgage Loan
This medium- to long-term housing finance product is aimed at salaried individuals as well as economically active low-, middle-, and high-income self-employed individuals in rural and urban areas.
Obtaining housing requirements funding through acquisition, building, or completion is possible with the help of a loan.
Features
- 20 million UGX for the smallest loan and 300 million UGX for the largest loan
- The maximum time frame of 10 years
- Interest is added to a decreasing balance.
- Up to six months of grace period
- Plan of repayment that is in line with the borrower’s cash flow
Requirements
- Hold a Current or Savings Centenary Bank account
- Completed mortgage application form
- Valid identity documents
- Two most recent passport photos
- Payment of mortgage processing fees
- Financial card
- Residence in the service area of the bank
- A qualified adult must be older than 55 at the time of application.
- Existence of documented income source(s)
- A minimum 30% commitment from the borrower to the total cost of the housing project
- Genuine land titles or a copy of the certificate of title for the property being acquired or developed are acceptable forms of proof of property ownership.
- In the event of a building, the house’s Bill of Quantities (BOQ)
- Approved architectural plans for the home if it is built
- The maximum loan-to-value ratio of 80%
- The applicant must reside in the Branch’s defined service area.
- Single-family and multiple-family dwellings are eligible properties.
Benefits
- Processing is quick and simple and takes seven working days.
- Low relative interest
- There are no monitoring fees.
- Extended loan terms of up to ten years
- Plan for flexible repayment
- Aids the borrower in purchasing extra homes for personal or family use or residential properties.

Cente Home Improvement Loan
A new type of loan is now available for homeowners looking to finance home improvements.
This short-term loan offers both regular and irregular repayment schedules and is suitable for building or renovating residential or commercial homes, erecting perimeter walls or fences, and installing power and energy systems, kitchenettes, water, and sanitation systems.
Features
- UGX 100,000 for a minimum loan and UGX 30,000,000 for a maximum loan
- Plans for regularly and flexibly repaying loans
- A maximum loan term of 36 months is permitted. (3 years)
- Interest is levied when a balance declines.
Requirements
- The applicant must own a residence to upgrade.
- Secured loan commitment
- Hold a current or savings account with Centenary Bank.
- Completed loan application form
- Payment of loan processing fees
- Financial card
- The applicant must have a source of income to pay loan installments.
- The applicant must reside in the branch’s designated service area.
Benefits
- Favorable interest rates
- The easy and quick house improvement method
- Enhances the quality of customers’ lives
Cente Housing Loans
Anyone who has access to UGX 1,000 each day can borrow money from Centenary Bank to build a decent house incrementally.
This loan can be accessed through Vertical Increment: Here, you can begin by purchasing land and then later return to borrow money for the foundation, wall plate, and other necessary items until your home is finished.
Or through; Horizontal incremental: Here, you can begin building one or two rooms before returning and adding more rooms as needed until the full house is built.
Features
- Loans up to 30 million UGX are possible.
- The repayment duration of up to 60 months maximum
- Depending on your cash flow streams, repayment can occur monthly, yearly, or quarterly.
- Land to be developed security (Kibanja or with Title)
- Customer contribution: 20% or more of the requested amount. This may take the form of bricks, stones, or other building materials.
Requirements
- A bank account with Centenary Bank
- Financial Card.
Conclusion

Not sure if a personal loan from Centenary Bank is right for you? A personal loan might be an excellent choice if you want a sudden infusion of cash to cover urgent costs.
Centenary Personal Loans typically have cheaper interest rates which could be good for you.