Personal Salary Loan Campaign FAQ

1. What is a personal Unsecured loan?
The dfcu Personal Unsecured loan is a credit facility tailored for salary earners to cater for personal needs and developments with no collateral requirements.

2. Who is eligible for the personal Unsecured loan?
Loan applicants must be employed and receive their salary through dfcu bank. Minimum monthly income thresholds are as below.
i Civil servants: UGX. 200,000
ii Non-Government: UGX. 400,000

3. For what purpose can I use the Personal Unsecured Loan?
Personal Unsecured loans cater to a variety of purposes, including debt consolidation, personal development, home renovations, education expenses, medical bills, and other personal financial needs.

4. How much can I borrow with a Personal Unsecured Loan?
You can borrow Up to Ugx 250m. Loan amounts vary depending on income level, credit history and repayment capacity.

5. What are the interest rates and fees associated with the Personal Unsecured Loan?
Interest rates and fees are affordable but vary depending on the the nature of customer segment. Customers on schemes enjoy preferential interest rates. Other applicable fees include loan application fees, arrangement fees etc. Loan buyouts attract zero arrangement fees.

6. What is the repayment period for the Personal Unsecured Loan?
With dfcu’s personal Unsecured loan, you can enjoy flexible repayment periods of up to 84 months. The applicable repayment period may vary depending on the borrower’s scheme, nature of employment and the loan amount.

7. Can I repay the Personal Unsecured Loan early?
Yes, the bank allows for a cooling off period as well as early repayments without incurring additional fees or penalties.

8. What happens if I miss a payment on my Personal Unsecured Loan?
Delayed loan instalment payments attract penal interest and negatively impact your credit rating at the credit reference bureau

9. What are the requirements for a Personal Unsecured Loan application?
You will need to submit an application form along with supporting documentation including national ID, proof of employment, bank statements for customers previously not banked with dfcu bank, and employment verification documents.



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