TYPES OF LOANS

Secure the money you need today with a loan from WSACCO. Whether you’re looking for a quick loan, Need to finance a major purchase, Pay school fees, build a home or engage in Agriculture, we are here to serve you.

Maximum loan of up to one month salary.• Processed within four (04) hours.• Repayment period is two months.• Members whose salaries are paid through WSACCO• Recovery capacity 40%

LOAN PRODUCTS
1	Quick loan	• Maximum loan of up to one month salary. • Processed within four (04) hours. • Repayment period is two months. • Members whose salaries are paid through WSACCO • Recovery capacity 40%
2	School fees loan	• To enable a member pay school fees. • Repayment capacity 40% . • Maximum repayment period is 6 months. • Interest rate 13% per annum
3	Nyumba loan( housing)	• Enables a member to construct a house. • Maximum amount = (Member’s Shares) x 4. • Maximum repayment period is 4 years. • Interest rate 13% per annum • Repayment capacity 50% of basic salary • Maximum loan of 40 million UGX
4	Business (biashara) loan	• Enables a member to do small business. • Maximum amount = (Member’s Shares) x 4 • Maximum repayment period is 2 years. • Interest rate 13% per annum. • Recovery capacity 50%
5	Agriculture ( Kilimo) loan	• Enables a member to do farming. • Maximum amount = (Member’s Shares) x 4. • Maximum repayment period is 3 years. • Interest rate 13% per annum • Recovery capacity 50% • Maximum loan of 40million UGX
6	Special loan	• Advance money given to members leaving for Missions outside the country. • Interest rate of 13% per annum. • Loan period 12months. • Lump-sum installments of 2-4months from earned allowances.
7	Asset financing	• Enables a member to acquire an asset. • Maximum amount = (Member’s Shares) x 4 • Maximum repayment period is 4 years. • Interest rate 13% per annum. • Recovery capacity 50% • Maximum loan of 40 million UGX