Stanbic Bank activates festive mood with exciting offers

Stanbic Bank Uganda has announced exciting offers on unsecured personal loans effectively activating the festive mood among customers, with Christmas just seven weeks away. The promotional offer runs until end of the year.

With interest rates on offers starting from as low as 16% (subject to terms and conditions), customers are being given long repayment periods of up to 72 months for unsecured advances to salary earners, 10 years for land financing and up to twenty years for home purchase.

“After a tough year that saw many Ugandans spend their savings as they stayed home due to Covid19, our offer is to really facilitate our customers to celebrate life as they prepare for opportunities in the coming year,” said Sam Mwogeza, Head Consumer and High Net worth at Stanbic Bank.

The bank’s rich festive menu offers exciting asset financing deals that can be quickly applied for and granted within minutes, at hugely discounted rates through the bank’s digital and mobile banking platforms as well as branches across the country.

Offers include land, home improvement or purchase, vehicle and other assets’ financing deals that are available to both current customers with a loan and those without.

Customers who do not have pending loan offers, the normal loan process will be followed; this also applies for secured loans such as vehicle, land, and home loans.

The festive menu also allows top-ups for customers who are eligible, based on the time of need for the facility.

In addition, customers will also be excited to note that the bank has struck out what is usually a document- heavy process and replaced it with easy user-friendly digital processes that allows them to enjoy fruits of the lender’s ongoing investment in ‘convenient banking channels.’

With convenient banking channels, the bank is able to serve customers wherever they might be ‘locked down’ as existing salaried and self-employed Stanbic customers can simply dial *290# and select option 8 to access the credit offers.

However, the same offer can be accessed through all Stanbic Bank Uganda branches across the country and non-customers can also be assisted to open accounts with the bank.

Asked how the bank is able to receive and approve loan applications within minutes, Mr. Mwogeza said all existing salaried and self-employed customers have been pre-approved for various credit segments based on different lending parameters.

For non-customers, a quick self-registration online process is available to get them a fully functional bank account with Stanbic Bank after which they gradually become eligible.

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