Butuuro Financial Services Loans – Business this day

Below are the loans offered by Butuuro Financial Services:

—-Commercial loans

Below are the requirements:

• The applicant must hold an account with BFS.
• Loan size ranges from Shs.100,000 to Shs.150,000,000 for individuals and up to Shs.200,000,000 for companies and institutions.
• Are offered at 2.5% interest on reducing balance per month.
• Repayments can be made monthly, quarterly, or binary depending on the nature of the business.
• Payable in a period not exceeding 24 months.

—-Agriculture loans / Agribusiness loans

Below are the requirements:

• The loan client has to be a member of BFS
• They are offered at an interest rate of 2.5% per month on reducing balance.
• The loan client is at liberty to apply for a grace period not exceeding 6 months depending on what the farmer deals in.

One can borrow up to Shs.100,000,000 payable in a period not exceeding 24 months

—–Home improvement loans

Below are the requirements

• The loan client has to be a member of BFS.
• These loans are offered at 2.5% per month calculated on reducing balance method.
• Payable in a period not exceeding 24 months.
• Happy family loans particularly (beds, chairs, blankets, cupboards, bed sheets and bedcovers) are payable in a period not exceeding 6 months and the maximum amount is Shs.1,000,000. The Interest rate for this category is 2% per month calculated on reducing balance.
• Biogas loans are offered at 1% interest rate per month calculated on reducing balance.
• Solar loans are offered at 1.5% interest rate per month calculated on reducing balance.
• The institution has got prequalified specialists contracted for the construction of water tanks at a cheaper cost.

—Motorcycle (Boda Boda) & motor vehicle loans

More about the product

• The loan client has to be a member of BFS.
• The applicant must possess at least 10 shares.
• These loans are offered at 2.5% per month on reducing balance.
• First-time borrowers are encouraged to deposit at least half of the total cost of the motorcycle/vehicle.
• They are paid back in a period not exceeding 2 years.
• The purchased motorcycle/motor vehicle can still act as collateral for the loan.
• Payments can be done weekly or monthly.

—-School fees loans

Requirements for the loan

• The applicant must be a member of BFS.
• The amount applied for should match with what is demanded by the institution of learning with evidence.
• Payable in a period not exceeding 24 months though the applicants are normally advised to pay as per their respective periods of study say term or semester.
• These loans attract an interest of 2.5% per month on reducing balance.

—-Kyappa loans

Below are the requirements

• Applicant must be a SACCO client
• These loans are offered at 2.5% per month on reducing balance
• Payable in a period not exceeding 24 months.
• The SACCO has pre-qualified surveyors and this makes the cost of land title processing low.

—-Emergency loans

Below are the requirements

• The applicant must possess an account with BFS.
• Are offered at rate of 1.25% per week on reducing balance.
• Have a maximum repayment term of 02 months.
• Do not require the LC1 c/man’s endorsement.
• One needs to have a substantive collateral and guarantor.

—-Saving Products

• Voluntary Savings Accounts attract an interest of 3% p.a
• Fixed/Term Deposit Accounts-attracts interest between 12 and 17% p.a with minimum deposit of UGX 500,000.
• Nyentsya account -attracts interest of 12% p.a
• Collection Accounts for institutions like schools and churches
• Group Accounts for village savings groups
• Junior savings accounts for minors below 18years

—Funeral support

Qualifications

• This is a service to our shareholders who have 10 shares and above with active accounts,
• Not more than 45 days in default and for members who are more than 6 months old with SACCO.

Whenever a member who possesses the above qualification dies, the SACCO spends Shs. 2,000,000 to the family of the deceased towards the burial expenditure

Branches and contacts

• info@butuurofinancialservices.com
• (+256) 393224696 / +256 393224697/ +256 781159010
• Nyakabirizi Head Office, Bushenyi
• Kashenshero branch, Plot, 01 Rukungiri Road
• Kyabugimbi Branch, Plot 051 Kyabugimbi road
• Bikurungu Outreach, Opposite Bikurungu town council offices

Nyakabirizi Head Office

• info@butuurofinancialservices.com/
• (+256) 393224696
• Plot 18 Kibaare Road

Kashenshero Branch

• info@butuurofinancialservices.com/
• (+256) 393224697
• Plot: 01 Rukungiri Road

Kyabugimbi Branch

• Plot:051 Kyabugimbi road
• info@butuurofinancialservices.com/
• (+256) 781159010

Bikurungu Outreach

• Opposite Bikurungu town council offices
• info@butuurofinancialservices.com/
• (+256) 783640618