School Fees Loan

The SOMA loan can be used to finance all levels of education

The SOMA loan is a personal short term school fees loan to finance expenditure related to customers' educational study; including but not limited to; tuition and scholastic materials.

The SOMA loan can be used to finance all levels of education, i.e. primary, high school and college (graduate and post graduate).

Loan limit is up to UGX 5,000,000
Loan will be repaid through monthly debits for a period of up to 12 months
Loan will be disbursed directly to the clients account

Borrowed customers;

Duly filled application form
Employer’s identity card
Passport photo

*DSR is up to 60%
*No need for a letter of undertaking

Non - Borrowed customers;

Employed or retired with regular pension
A consistency of at least 6 months with the same employer
Provide a valid work contract and valid map to residence
Provide last pay slip (for employees)
Willing to channel salary through BOA
Duly filled application form

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School Fees Loan

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