CentePower Connection Loan
Product Features
- Loan amounts of UShs. 100,000 to UShs. 50 million.
- Repayment period of 60 months.
- Comparatively low interest rates of 15 % charged on declining balance basis.
- Flexible loan repayment plans.
Benefits
- Purchase electrical equipment.
- Install electricity poles.
- Wire premises and pay for the connection cost.
Requirements
- An account with Centenary Bank.
- Existence of verifiable source(s) of income.
- Submit inspection certificate from Umeme and verifiable applicant’s current residence and/or business premise (where necessary).
- Mandatory cash contribution from 10% to 20% of connection costs.
- Security required, movable collateral like vehicles, household property or business assets.
- Personal guarantors on a case-by-case basis