• Duly filled Application form.
  • Two latest passport size color photographs.
  • Purchase invoice/Agreement copy.
  • Check whether agreement is in single/joint name. If single then guarantor also required.
  • Financial card of Borrower/Guarantor.
  • Passport of borrower/guarantor alongwith work permit/dependent pass.
  • Local ID proof like Driving Permit, if any.
  • In case of Service: Employment details like Appointment letter, Appraisal letter, Latest Pay in slip, Employee ID card, Designation, detail of contract period, etc.
  • In case of Business: Audited Balance sheet and Tax statement of last 3 years, MoA and latest Form 7.
  • Assets/Liabilities of Borrower/Guarantor.
  • Detail of existing loan/guarantee with other bank/FI, if any.
  • Bank Statement for last six months.
  • ROI is 1% below BOIPLR (USD) which is presently at 9.00% p.a.
  • Processing charges is 1%
  • Collateral Security detail, if any.
  • Valuation/Search report from Bank’s Empanelled Valuer/Advocate

  • Formal Application stating the amount, purpose, tenor, source of repayment and pro-posed security.
  • Financial card number for the borrower
  • Third party guarantee of persons with adequate worth. (Can be waived at the discretion of BOIUL depending on the standing of the borrower).
  • Charge on the assets created out of the loan amount
  • Collateral security acceptable to the Bank.
  • Personal Guarantee of directors/partners/proprietors /property holder. Any deviation in terms would need approval of sanctioning authority on merits.
  • The assets acquired from the acquired loan should be fully insured covering appropriate risks and the policy to be assigned in the name of Bank of India Uganda Limited.
 
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