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Stanbic Bank Uganda has launched a new campaign dubbed “Now-Now loans” aimed at offering customers quick and affordable loans to overcome financial challenges in the wake of the Covid-19 pandemic.
Speaking at the launch, Grace Muliisa, the Stanbic Bank’s Head of Personal and Business Banking said, “We understand that the impact of the novel Covid-19 pandemic still exists. A host of individuals both in the private and public sector, continue to experience financial stress. This coupled with a high cost of living and delayed payments, has depleted their savings reserves”
“As the bank that drives Uganda’s growth, Stanbic’s focus is to identify key financial obstacles that stand in the way of our customers from attaining an affordable financial service to enhance personal growth. It’s because of such hindrances that Stanbic revamped its loans offering to not only allow customers resolve their current financial needs, but also ensuring these loans take them to the next level of their growth.” Muliisa added.
Stanbic Bank’s Head of Lending Products, Jackson Emanzi, said the “Now-Now loans” campaign will offer personal salary loans, cash advances, unsecured and overdraft loans at a low interest rate of up to 15.9% based on individual loan assessment.
Furthermore, Stanbic Bank has migrated all its lending solutions on to the digital platform to encourage customers in need of a helping hand access them in real time to quickly resolve their issues and carry on with their plans.