Overview:
The loan allows eligible salaried customers to borrow up to five times their monthly salary at an interest rate of 14.5 percent.
Kampala, Uganda — Bank of Africa Uganda has introduced the Quick Fix loan, a new salary-based facility designed to provide customers with faster access to personal financing.
The loan allows eligible salaried customers to borrow up to five times their monthly salary at an interest rate of 14.5 percent.
The bank said the Quick Fix loan is intended to meet the urgent financial needs of working Ugandans, such as unexpected expenses that cannot wait for lengthy loan processes. By offering a higher borrowing limit combined with a competitive interest rate, Bank of Africa aims to provide a practical and accessible option for short-term credit.
Samir Yassine, executive director of Bank of Africa Uganda, said the product reinforces the bank’s commitment to customer-focused innovation.
“Through the Quick Fix loan, we are reaffirming our commitment to offering flexible, accessible, and timely financial solutions to employed Ugandans juggling responsibilities and unexpected costs,” Yassine said. “We understand that life often throws surprises at people — urgent medical bills, school fees, or sudden household expenses — that cannot wait for lengthy loan approvals.”
Yassine added that the product offers a solution that is transparent, affordable and tailored to the needs of the working Ugandan.
The launch aligns with the bank’s strategy to strengthen its retail offerings and proactively respond to shifting market dynamics, particularly as the cost of living rises.
Customers can access the service at any Bank of Africa branch.