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dfcu Customers to Access Collateral-Free Loans of up to Shs250m in New Campaign

The 12-week campaign from dfcu Bank encourages customers to "Reach for More" by utilizing its special financial offers to conveniently meet their needs and aspirations in the coming year.

KAMPALA, UGANDA – 18th January 2023: The 12-week campaign from dfcu Bank encourages customers to “Reach for More” by utilizing its special financial offers to conveniently meet their needs and aspirations in the coming year.

Customers who take up personal loans from the Bank are eligible for collateral-free loans (unsecured loans) of up to UGX 250 million under the campaign, as well as the option of a 75-day repayment holiday. Customers can take a vacation from their scheduled loan repayments during the campaign period by choosing the Repayment Holiday option.

The personal loan offer is made to salaried individuals and professionals with steady employment.

There are no arrangement fees for customers who transfer their current personal loans from another lender to dfcu Bank. Additionally, the charge for loan arrangements has been reduced to 1%

The Bank has also introduced a unique package to aid schools as they get ready to welcome students for the new academic year, which coincides with the start of the back-to-school season.

In order to meet immediate working capital demands, the offer known as “the school bridging overdraft” enables school owners to receive unsecured short-term facilities up to 30% of their anticipated school fee collections.

Additionally, during this time, parents who pay their children’s school tuition through dfcu Bank automatically enter a drawing for a chance to win up to UGX 500,000 to help with unmet back-to-school expenses.

The campaign has been started, according to Robert Wanok, Head of Personal and Business Banking at dfcu Bank, to help clients realize their goals and desires in the next year.

“For most people, a new year always signals fresh starts. Rekindled aspirations, goals, and aims that we desire to see accomplished. With the “Reach for More” campaign, we are urging our clients to keep their aspirations in mind and work with us to make them a reality. We are upholding our commitment to “Making More Possible” for all of our clients, he declared.

L-R: Head of Business Banking Ronald Kasasa At dfcu Bank, Robert Wanok, who oversees personal and business banking, and Miranda Bageine Musoke, who oversees personal banking

The Bank also provides mobile loans up to UGX 2,000,000 that may be accessed in under 5 minutes using our online banking platforms. The mobiloans are a practical solution for parents to handle last-minute back-to-school needs. Parents who pay their children’s tuition at any dfcu branch, agent, or through dfcu online banking are automatically entered into a drawing and have a chance to win up to UGX 500,000 in cashback, Wanok continued.

The head of business banking, Ronald Kasasa, commented on the campaign during the launch and reaffirmed dfcu’s support for schools during this back-to-school season.

“Managing an institution in the education sector can be challenging at the start of the semester. Schools may struggle to pay for teachers’ wages, food, utilities, textbooks, and other necessities on a daily basis. Our school bridging overdraft gives school owners access to short-term, unsecured borrowing options worth up to 30% of their anticipated school fee revenues, allowing them to meet pressing working capital requirements. The overdraft is repayable in three months, which provides the school time to do so when tuition cashflows are consistent and reliable, he said.

The loans come with competitive interest rates, same-day response times and other added advantages.  For details, call 0800 222 000 or WhatsApp 0776 760 760 or visit your nearest branch. Terms & Conditions apply!

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