dfcu Bank unveils financial relief package to help parents, businesses to kick-start new year

dfcu Bank has launched a 12-week special financial packages to support businesses kick start the new year.

“Under the campaign, the bank is providing collateral free loans (unsecured loans) of up to UGX 250M to customers who take out personal loans, and an option of a repayment holiday of up to 75 days,” Wanok Robert, Head, Personal and Business Banking told reporters on Wednesday.

He said the campaign has been launched to accelerate the dreams and aspirations of our customers during the new year.

“The new year always represents new beginnings for most people. Renewed hope, dreams, ambitions, targets, that we want to see come to life. With “Reach for More” campaign, we are encouraging our customers not to lose sight of these dreams but instead partner with us to see them come true. We are staying true to our brand promise of ‘Making More Possible’ for all our customers,” he said.

“The Bank is also offering mobiloans of up to UGX 2,000,000/ = accessible via our online banking platforms, in less than 5 minutes. For parents, the mobiloans are a convenient way of sorting out urgent back- to- school requirements. Parents who pay school fees at any dfcu Branch, dfcu Agent or via dfcu internet banking will automatically enter a draw and stand a chance to win a cash back of up to UGX 500,000,” Wanok added.

“Our target audience for the personal loan offer are salaried and professionals earning regular income. They can access it at any of our branches.” He added.
“Customers who transfer their existing personal loans from elsewhere to dfcu Bank will be charged no arrangement fees.” Wanok explained.

Commenting on the campaign during the launch, Ronald Kasasa, the Head of Business Banking, reiterated dfcu support towards schools during this back-to-school period. “The beginning-of-term can be a tough period to run an institution within the education sector. Teachers’ salaries, food supplies, utility bills, scholastic materials, and any other day -to day essentials can put a strain on schools. Our school bridging overdraft allows school owners to access unsecured short-term facilities of up to 30% of their expected school fees collections, to take care of urgent working capital needs. The overdraft is payable in three months, and this gives an opportunity to the school to repay when the cashflows from tuition collections are steady and stable,” he said.