School Fees Loan
Loan Products
These are loans extended to members for the purposes of enhancing education for their family members and themselves.
Characteristics of School Fees Loan
These are loans extended to members for the purposes of enhancing education for their family members and themselves.
| Characteristic | Description |
|---|---|
|
Maximum Loan amount |
UGX 5,000,000 |
|
Maximum Loan period |
6 months |
|
Repayment frequency |
Monthly |
|
Loan Interest |
12 % P.a. for H-coy account holders and 14% for non- H-Coy fees dues settlement. |
|
Interest calculation method |
Flat rate |
|
Mode of access |
Payment done direct to the school, institute, college or university |
|
Special condition |
H-coy benefits through a parent i.e. parent signs contract |