Access affordable financing solutions tailored to your needs
Need funds for your business, education, or emergencies? Members can access hassle-free FIC loan products tailored to your needs. Have questions?
Extended to FIC borrowers for business working capital or investment. Maximum 3x your total savings and share capital (minimum 1/3 in Investment Units). 24-month terms with competitive rates.
Max 24 months • 2% processing fee • Monthly/Quarterly/Bi-annualDesigned for employed members to manage urgent financial requirements with ease. Quick approval process with repayment structured conveniently around your pay schedule.
For employed members • Quick approval • Flexible repaymentFor home improvement, renovations, household equipment, or acquiring plots. Maximum 3x your total savings and IUS. Up to 48 months with monthly repayment.
Max 48 months • 2% processing fee • Monthly payment • 5-day graceFor acquiring land, vehicles, property, or machinery. You identify the asset, negotiate the price, deposit 25%, and FIC acquires it on your behalf. Must have stable income and good repayment history.
25% deposit required • Stable income needed • Flexible assetsFor members with signed contracts needing upfront financing to execute work. Maximum 70% of contract value. 12-month terms or contract period (whichever is lower).
Max 70% of contract • Up to 12 months • 2% processing feeSupports members in trade activities with working capital. Combined with Contract financing for trade and supply purposes. Flexible terms based on business cycle.
For traders • Working capital • Flexible repaymentFor solar power installation in homes or businesses. Must have evidence of purchase and use FIC pre-qualified suppliers. FIC pays supplier directly. Minimum 12 months membership required.
Max 12 months • 2% processing fee • Direct supplier payment • Eco-friendlyFor members engaged in active agriculture. Designed for farming investments and operations. Maximum 24 months with grace period up to 6 months. Flexible repayment frequency.
Max 24 months • Grace up to 6 months • Flexible repaymentQuick short-term loan for urgent weekend needs (travel, events, emergencies). Maximum 2-month term. Higher interest rate of 2.5% per month flat. Quick approval process.
Max 2 months • 2.5% monthly flat • Quick approval • No grace periodFor members facing emergency expenses (medical costs, funeral expenses, etc.). Maximum 3-month term. Higher interest rate at double the normal loan rate. Quick processing.
Max 3 months • Double normal rate • Quick processing • Emergency onlyFor educational expenses (tuition, stationery, uniforms, school-related costs). Up to 12 months repayment period. Requires proof of student status. Competitive interest rates.
Max 12 months • Student proof required • Education focusedFor house finishing and furnishing to make your property habitable. Complete your dream home with flexible financing. Up to 48 months. Grace period up to 4 months.
Max 48 months • Grace up to 4 months • Home finishing • Interest during graceAll FIC loans are structured with flexibility and member convenience in mind
| Processing Fee: | 2% |
| Application Fee: | UGX 10,000 |
| Interest Calculation: | Reducing Balance |
| Penalty Fees: | 1% monthly (30+ days in arrears) |
| Security: | Savings/Collateral/Guarantors |
| Grace Period: | 5 working days |
| Contract Max Loan: | 70% of contract value |
| Processing Fee: | 2% |
| Interest Rate: | FIC rate + 1% |
| Calculation: | Reducing Balance |
| Penalty Fees: | 1% monthly (30+ days in arrears) |
| Business Requirement: | 2+ years operation |