Ug loan salary overdraft x y
Salary Overdraft
  1. Loans
  2. Salary Overdraft

Salary Overdraft

Enjoy flexibility with an overdraft facility allowing you to overdraw up to UGX13.5M without collateral

Benefits

*T&Cs apply

Loan Features

Interest is only charged on amount utilized and for the number of days utilized.

Both Unsecured and Secured overdraft facilities are available.

The facility can either be used through a debit card or through a cheque transaction on your current account.

Security to access borrowing up to 70% of net income
Loan Amounts shall be varied by your income eligibility and our Credit Policy. Please use Loan calcualtor for estimate.
Interest Charged only on amount utilized and for the number of days utilized.
Loan Tenor may be varied based on your employer or length of service. Click apply to request for more detail
Overdraft setup
Get the overdraft limit marked on your Standard Chartered salary account provided all documents have been submitted along with the application form.

Application Eligibility

  • Salaried with a minimum gross salary of UGX2,000,000 per month*
  • A salary account with Standard Chartered Bank is required

Documents Required

  • Proof of income (Certified copy of pay slip)
  • Introduction Letter from employer on company letterhead
  • Last 3 months bank statements (for new accounts)
  • Copy of National ID / Valid passport

Application Eligibility

  • Salaried with a minimum gross salary of UGX2,000,000 per month*
  • A salary account with Standard Chartered Bank is required

Documents Required

  • Proof of income (Certified copy of pay slip)
  • Introduction Letter from employer on company letterhead
  • Last 3 months bank statements (for new accounts)
  • Copy of National ID / Valid passport
  • For Expatriates and Non-Resident Citizens, provide a copy of valid Work Permit and Employment Introduction letter or contract

There are no monthly fees or charges on the overdraft facility. Interest charges are levied only when you utilize the overdraft and only for the number of days and the amount that the facility is utilized.

We would normally process your facility in 3 days provided all the documents have been submitted along with the application form.

Yes, you need to bank with us. If you don’t have an account with us, you can apply for the overdraft with a letter of confirmation from your employer that they will transfer your salary to your newly opened Standard Chartered Current Account and we will then set up your salary overdraft.

No, insurance cover is required on this overdraft facility.

Call Us

Call our hotline for further information.

(+256)200524100

(+256)313294100

Email Us

Please send us a message and we will be in touch as soon as possible.

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Locate Us

Visit the branch that is nearest to you.

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Salary Overdraft Enjoy flexibility with an overdraft facility allowing you to overdraw up to UGX13.5M without collateral.

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