Below is a list of accounts offered by Opportunity Bank Uganda,Loans and contacts:
Opportunity Bank Uganda
Address
Plot 1259 Old Kiira road
(Opportunity House)
customerservice@opportunitybank.co.ug
Toll Free Number
0800 306 306
Opportunity Bank Uganda Accounts
Extra Save Account
This is a transactional account that enables Low income to high-end individuals to save and earn interest on their savings.
Benfits
- Earn interest up to 4%
- Free online statement
- No monthly ledger fees
- Access account through all digital platforms.
Requirements
- Copy of National ID
- One Passport photo
- UGX 10,000 Minimum balance
Child Savings Account
Village Savings Account
A special savings account designed for the purpose of motivating VSLAs to accumulate savings for financing their future investment plans as well as providing access to credit facilities to members.
Benfits
- Free balance enquiry
- No monthly ledger fees
- Free Online Statement
- Earn interest of up to 4%
- Quick access to credit facilities
Requirements
- Certified certificate of registration
- Byelaws/ Constitution/ Memorandum of Understanding
- Resolution to open an account with Opportunity Bank and signatories
- Minutes signed off by members
- Recommendation from the Community Development Officer/ CAO
- UGX 10,000shs Minimum balance
- UGX 60,000 search fees
- Two passport photos for each signatory
- A copy of the national ID for each signatory
Target Save Account
This account is fixed and supports individuals to save towards a specific goal in both the short and long term.
Benfits
- Earn interest up to 4%
- No monthly ledger fees
- Free balance inquiry
Requirements
- Minimum balance UGX 50,000
- Open a savings account as the feeder account (New savers incur UGX 10,000)
- A copy of National ID
- One Passport photo
Salary Account
A special product dedicated for individuals that earn salary to manage their earnings
Benfits
- No withdraw fees over the counter
- Free balance inquiry
- No monthly ledger fees
- Free online bank statement
- Access account via all digital platforms
Requirements
- Minimum balance of UGX 10,000
- Copy of national ID
- One Passport photo
Sacco Savings Account
A special savings account designed for the purpose of motivating SACCOs to accumulate savings for financing, their lending operations or future investment plans.
Benfits
- No monthly ledger fees
- Free bank balance enquiry
- Free online bank statement
- Earn interest of up to 4%
Requirements
- Certied certificate of registration
- Byelaws/ Constitution/ Memorandum of Understanding
- Resolution to open an account with Opportunity Bank and signatories
- Minutes signed off by members/Signing mandate/
- Recommendation from the Community Development Officer/ CAO
- Minimum balance of UGX 10,000
- Search fees UGX 60,000
- 2 passport photos for each signatory
- A copy of the national ID for each signatory
Investment Club Savings Account
An account for groups of people coming together to collect resources for Investment purposes.
Benfits
- Free online statement
- Free balance enquiry
- Earn interest of up to 4%
- No monthly ledger fees
Requirements
- Certied certificate of registration
- Byelaws/ Constitution/ Memorandum of Understanding
- Resolution to open an account with Opportunity Bank and signatories
- Minutes signed off by members/Signing mandate/
- Recommendation from the Community Development Officer/ CAO
- Minimum balance of UGX 10,000
- Search fees UGX 60,000
- 2 passport photos for each signatory
- A copy of the national ID for each signatory
Ordinary Saving Account
This is a deposit account designed for regular savers with a special commitment for a set goal. This also serves as a loan account for individual borrowers.
Benfits
- Free balance enquiry
- One statement free per year
- Earn interest up to 4%
- Access account through all digital platforms.
Requirements
- National ID/ Refugee ID
- One Passport photo
- UGX 10,000 Minimum balance
Business Savings Account
This is a Savings account designed for members with businesses that would aspire to save their incomes
Benfits
- Free balance enquiry
- Free online statement
- Access account through all digital platforms.
- Earn interest up to 2%
Requirements
- Valid Trading License
- Certificate of registration
- Resolution to open account
- Memorandum of Understanding or Articles of association
- Particulars of directors
- National ID for each signatory
- Two passport photos for each signatory
- UGX 100,000 minimum balance
- UGX 60,000 search fees
AGRO Save Group Account
Benfits
- Free online statement
- Free balance enquiry
- No penalty below minimum balance
- Zero ledger fees
Requirements
- Certied certificate of registration
- Byelaws/ Constitution/ Memorandum of Understanding
- Resolution to open an account with Opportunity Bank and signatories
- Minutes signed off by members/Signing mandate/
- Recommendation from the Community Development Officer/ CAO
- Minimum balance of UGX 10,000
- Search fees UGX 60,000
- 2 passport photos for each signatory
- A copy of the national ID for each signatory
Refugee Savings account
This account was customized to cater for the needs of refugees in Uganda to empower them to save in order to improve their lives and those for their communities.
Benfits
- Access account through all digital platforms
- No monthly ledger fees
- No penalty below minimum balance
- Free online statement
- Acts as a loan account
Requirements
- Copy of the Refugee ID
- One Passport photo
- UGX 10,000 Minimum balance
Loans
Group Business Loan
Opportunity Bank Uganda Ltd offers group business loans to support the growth and development of businesses in Uganda. These loans are specifically designed to cater to the needs of groups or associations of individuals who come together for entrepreneurial activities.
Benefits
- Set Up Fees 2.3% of the Loan Amount,
- Free Insurance,
- LSF OF 15% – 20%, Group Guarantee, Other Flat
Requirements
- For Working Capital UGX 100,000-UGX 5,000,000
- 3-12 Months Weekly, Fortnightly
- Application Fees 5,000
- Group Repayments; Weekly, Bi weekly dependant on season Loan duration 12 months
Individual Business Loan
Opportunity Bank Uganda Ltd is dedicated to supporting the growth and development of businesses owned by individuals in Uganda through its individual business loans. These loans are specifically tailored to provide financial assistance to entrepreneurs and small business owners.
Features
- For Working Capital Needs UGX 500,000 – UGX 20,000,000
- Loan duration: 3 – 24 Months
- Repayment Frequency: Monthly, Quarterly, Termly
Benefits
- Set Up Fees 3.3% of the Loan Amount,
- Free Insurance,
- A Combination of two or more of the Reducing Balance
SME Business Loan
Opportunity Bank Uganda Ltd is committed to empowering small and medium-sized enterprises (SMEs) in Uganda through its SME business loans. These loans are tailored to address the specific financial requirements of SMEs and assist them in achieving growth and success in the competitive business environment.
Features
- For Working Capital Needs Above UGX 20,000,000 to UGX 1,300,000,000
- Loan duration: 3-24 Months
- Repayment Frequency: Monthly, Quarterly, Termly
Benefits
- Set Up Fees 3.3% of the Loan Amount,
- Free Insurance,
- A Combination of two or more of the Reducing Balance
School Fees Loan
Opportunity Bank Uganda Ltd provides school fees loans to assist parents and guardians in meeting the educational expenses of their children. These loans are specifically designed to support the payment of school fees and related educational costs.
Features
- For Payment of Schools and other Education related Expenses
- Loan Amount: UGX 100,000-UGX 5,000,000
- Loan duration: 3-12 Months
- Repayment Frequency: Weekly, but dependant on cash flow
Requirements
- Set Up Fees 3.3% of the Loan Amount
- Free Insurance
- Application Fees 20,000 for loans upto UGX 20M payable at application
- CRB Search fees UGX 10,000 for Loans below UGX 1M and UGX 15,000 for Loans above UGX 1M payable at application
- Stamp Duty UGX15,000 for loans
- Securities: A Combination of two or more of the following: Fixed deposits,Chattels, Motor Vehicle log books, Land titles and agreements
- Interest rate : Reducing Balance
School Improvement Loans
Opportunity Bank Uganda Ltd provides School Improvement Loans to support small and medium-sized educational institutions in Uganda. These loans are specifically designed to assist schools in improving their infrastructure, facilities, equipment, and overall educational environment.
Features
- Any Financing to Schools for the purpose of building, Salary or Bill Payments, properrty etc
- Loan Amount: Above UGX 20M-UGX 1.3 Billion
- Loan duration: 3-60 Months
- Repayment Frequency: Termly, but dependant on Cash Flow
Requirements
- Set Up Fees 4.3% of the Loan Amount
- Free Insurance
- Application Fees 20,000 for loans upto UGX 50M and 50,000 for loans above 50M payable at application
- CRB Search fees UGX 15,000 payable at appication
- Stamp Duty UGX 15,000 for loans above UGX 3M
- Securities: A combination or two or more of the following: Fixed Deposits, Chattels, Motor Vehicle log books, Land titles and agreements, Debentures
- Interest rate : Reducing Balance
Government Salary Loans
Opportunity Bank Uganda Ltd offers Salary Loans specifically tailored for civil servants in Uganda. These loans are designed to provide financial assistance to civil servants who require short-term funds for various purposes.
Features
- Loans to Government Employees
- Loan Amount: UGX 200,000 – UGX 30,000,000
- Loan duration: 6 – 60 Months
- Repayment Frequency: Monthly
Requirements
- Set Up Fees 3.3% of the Loan Amount
- Free Insurance
- No Application Fees -CRB Search fees UGX 15,000
- Stamp Duty UGX 15,000 for loans above UGX 3M
- Securities: Appointment Letter / Confirmation Letter, National ID, Bank Statement (3 Months), Current Payslip
- Interest rate : Reducing Balance
Non Government Salary Loans
Opportunity Bank Uganda Ltd offers Individual Salary Loans to provide financial assistance to individuals who need short-term funds to meet their immediate financial obligations. These loans are designed to bridge the gap between paychecks and provide individuals with the necessary funds to cover unforeseen expenses or manage financial emergencies.
Features
- Any salaried person taking a loan with salary passing through OBUL account.
- Loan Amount: UGX 500,000-UGX 20,000,000
- Loan duration: 3-12 Months
- Repayment Frequency: Monthly
Requirements
- Set Up Fees 3.3% of the Loan Amount
- Free Insurance
- Application Fees 20,000 for loans upto UGX 20M payable at application
- CRB Search fees UGX10,000 for Loans below UGX 1M and UGX 15,000 for Loans above UGX 1M payable at appication
- Stamp Duty
- Securities: A Combination of two or more of the following: Fixed deposits, Chattels, Motor Vehicle log books, Land titles and agreements, debentures of companies, Guarantors
- Interest rate : Reducing Balance
Group Agriculture Trust Loan
Opportunity Bank Group Agriculture Trust Loan is a specialized financial product offered by Opportunity Bank, a leading financial institution committed to promoting financial inclusion and supporting the growth of the agricultural sector.
Features
- For financing of agricultural inputs, production, processing, marketing and distribution.
- Loan Amount: UGX 100,000-UGX 5,000,000
- Loan duration: Loan duration 12 months
- Repayment Frequency: Weekly, Bi weekly dependant on season
Requirements
- Set Up Fees 3.3% of the Loan Amount
- Free Insurance
- No Application Fees
- CRB Search fees UGX 15,000
- Stamp Duty UGX 15,000 for loans above UGX 3M
- Securities: Guarantees, LSF
- Interest rate : Reducing Balance
Individual Agriculture Loan
Opportunity Bank Uganda offers a range of financial products and services to cater to the diverse needs of its customers. One of their notable offerings is the Individual Agriculture Loan, designed specifically to support individuals involved in agricultural activities in Uganda.
Features
- For financing of agricultural inputs, production, processing, marketing and distribution.
- Loan Amount: UGX 500,000 – UGX 20,000,000
- Loan duration: 3 – 24 Months
- Repayment Frequency: Monthly, quarterly, bullet, irregular, but dependent on cash flow.
Requirements
- Set Up Fees 4.3% of the Loan Amount
- Free Insurance
- Application Fees 20,000 for loans upto UGX 20M payable at application
- CRB Search fees UGX 10,000 for Loans below UGX 1M and UGX 15,000 for Loans above UGX 1M payable at application
- Stamp Duty UGX 15,000 for loans above UGX 3M
- Securities: Appointment Letter / Confirmation Letter, National ID, Bank Statement (3 Months), Current Payslip
- Interest rate : Reducing Balance
SME Agricluture Loan
Opportunity Bank Uganda (OBUL) recognizes the vital role that small and medium-sized enterprises (SMEs) play in the agricultural sector. To support the growth and development of these businesses, OBUL offers the SME Agriculture Loan, a specialized financial product tailored to meet the unique needs and challenges faced by SMEs operating in agriculture in Uganda.
Features
- For financing of agricultural inputs, production, processing, marketing and distribution.
- Loan Amount: Above UGX 20,000,000- UGX 3,600,000,000
- Loan duration: 3-36 Months
- Repayment Frequency: Monthly, quarterly, bullet, flexible, but dependant on cash flow.
Requirements
- Set Up Fees 4.3% of the Loan Amount
- Free Insurance
- Application Fees 20,000 for loans upto UGX 50M and 50,000 for loans above 50M payable at application,
- CRB Search fees UGX15,000 payable at appication.
- Stamp Duty UGX 15,000 for loans above UGX 3M
- Securities: A combination or two or more of the following: Fixed Deposits, Chattels, Motor Vehicle log books, Land titles and agreements, Debentures for companies,Guarantors
- Interest rate : Reducing Balance
Bid Guarantee
Features
- Loan Purpose : Financing OBUL Customers to execute contracts /tenders with Government and International Organisations
- Loan Amount: Upto 200M
- Loan duration: Maximum upto 6 months
- Repayment Frequency: Bullet with maximum discount of 80% of invoice value
Requriements
- Application and Processing Fess UGX50,000
- Commission Cash; 0.5% of the guarantee amount per quarter payable upfront.
- Commission Non-Cash; 1% of the guarantee amount per quarter payable upfront. On a case by case basis, the Commission shall be negotiable
- Guarantee Amendments; 1% establishment fees Amount 0.75% per quarter and Minimum UGX 100,000
- Letter of Undertaking & Guarantee from Pre-qualified service provider. Other accepted Collatera
- Interest rate calculation method: Base rate plus Margin. (Current Base rate is 24% Pa)
