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Musaala Boost
Musaala Boost
Musaala Boost
Musaala Boost is a new short-term loan facility available to all I&M Bank (Uganda) Limited customers who receive their salary through the bank. This product allows eligible customers to borrow up to UGX 2,000,000, with repayment scheduled upon receipt of their next salary.
Key Features
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Minimum Net Income:
UGX 500,000
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Loan Amount Minimum:
UGX 250,000
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Loan Amount Maximum:
UGX 2,000,000
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Processing Fee for loans below UGX 1,000,000:
UGX 20,000
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Processing Fee for loans UGX 1,000,000 and above:
UGX 50,000
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CRB Charge:
UGX 30,000
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Insurance Fee:
None
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Interest Rate:
2% per month
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Payslip Requirement (New-to-Bank Customers):
3 months
Benefits
Affordable interest rate: Competitive interest rate of 2% per month, reducing the burden of high charges.
Convenient access to funds: Provides salaried customers with quick and easy access to loans to fulfill their short term financial needs or cater to emergencies.
Flexibility: Repayment scheduled with the next salary, easing financial pressure.
Are you ready to apply?
Requirements:
- The front of your National ID
- The back of your National ID
- A clear passport size photo of yourself against a plain background
- Your signature on a plain background
- The signed
- Key Facts Document sent in the welcome emailer
- Politically Exposed Person (PEP) Declaration.
Apply in person
Request Call Back
One of our representatives will call you back as soon as possible.
We are available from 9:00 AM to 4:00 PM Weekly.
Apply for a loan
One of our representatives will call you back as soon as possible.
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We are available from 9:00 AM to 4:00 PM Weekly.
Personal Premium Accounts
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