PRODUCTS & SERVICES

School Development Loan
What You Need to Apply for a Loan with US
- SUREPAY School Statement showing transactions.
- Loan Application Form (UGX 30,000) and Membership & Passbook (UGX 30,000).
- Security: Photocopy of Land Title, Land Sales Agreement, or Vehicle Logbook.
- Current Registration Certificate or License of the school.
- For companies: Company Registration Certificate and Form 20.
- Three passport-size photos of the applicant(s)/school director(s).
- Photocopies of National IDs of the applicant(s).
- Two guarantors with photocopies of National IDs and passport photos.
- Recommendation from LC1 Chairman.
- Tenancy agreement (for schools in rented premises).
- Income and expenditure statement.
- Six-month bank statement.
- Student population and fee structure.
- Draft budget for the amount applied.
- Resolution to borrow signed by the School Management Committee (SMC).
- Maps showing directions to the school and the director’s home.
- CRB (Credit Reference Bureau) statement.
Benefits of School Development Loan
- Repayment periods of up to 2 years
- Variable security options
- Attractive interest rates offered to both new and existing clients on an individual basis
- Customers can access this loan even when they have running loans with Pride as long as they have the capacity to pay both loans.
- Flexible loan amounts starting from Ugx 200,000
- Quick loan processing i.e. within 3 days
- Loans are insured against death and disability

EduTech Loan
Requirements for EduTech Loan
- Fully filled Loan Application Form (Ugx. 30,000).
- Membership Registration (Ugx. 30,000) and a passbook.
- Loan processing fees (1%) and insurance (2%).
- Valid National ID of the applicant.
- Security for the loan: photocopy of Land Title, Land Sales Agreement, or Vehicle Logbook.
- Guarantors: Two guarantors with photocopies of their National IDs and passport photos.
- Income & Expenditure Statement for the applicant.
- Draft budget for school fees usage.
- Bank statement for the past six months.
- CRB Statement (Credit Reference Bureau report).
- Proof of School Ownership: Recommendation from LC1 Chairman.
- Photocopy of the school’s Registration Certificate License.
- Signed resolution to borrow by the School Management Committee (if applicable).
- Maps showing the applicant’s home and school/institution location.
- Recent student population and fees structure summary.
Benefits of the Education Technology Loan (Edu-Tech Loan)
- Repayment periods of up to 2 years
- Variable security options
- Attractive interest rates offered to both new and existing clients on an individual basis
- Schools can access this loan even when they have running loans with US as long as they have the capacity to pay both loans.
- Flexible loan amounts starting from Ugx 1,000,000 to Ugx 30,000,0000
- Quick loan processing i.e. within 3 days

Teachers' Salary Laon
Requirements of Teachers’ Salary loan
- SACCO Membership: Must be a member for at least 6 months.
- Savings Contribution: Must have savings equivalent to at least 3% of the requested loan amount.
- Guarantors: Requires 2 guarantors who are also SACCO members.
- Recommendation Letter: Must provide a letter of recommendation from the school director.
Benefits of Teachers’ Salary Loan - Access to Capital: Enables teachers to start personal businesses or fund personal projects for financial growth and stability.
- Flexible Repayment: Convenient repayment through salary deductions ensures easy and timely loan servicing.
- Affordable Loan Amounts: Offers a manageable range of UGX 500,000 to UGX 3,000,000, accommodating diverse financial needs.
- Low Interest Rates: SACCO loans typically have competitive interest rates compared to traditional banks
Benefits of the Teacher’s Salary Loan
- Access to Capital: Enables teachers to start personal businesses or fund personal projects for financial growth and stability.
- Flexible Repayment: Convenient repayment through salary deductions ensures easy and timely loan servicing.
- Affordable Loan Amounts: Offers a manageable range of UGX 500,000 to UGX 3,000,000, accommodating diverse financial needs.
- Low Interest Rates: SACCO loans typically have competitive interest rates compared to traditional banks.


Directors Package
Eligibility Requirements for the Director’s Package Loan
- Repeat Client Status: Must have successfully completed a prior School Development Loan with the SACCO.
- Good Payment History: Must demonstrate a track record of timely repayments on previous loans.
- SACCO Membership: Should be an active member of the SACCO.
- Application Timing: Loan applications should align with the school holiday period.
- Operational School: Applicant must be an active school director managing an operational institution.
Benefits of Directors’ package loan:
- Convenience: Ensures financial support is available during holiday breaks when cash flow may be limited.
- High Loan Ceiling: Offers up to UGX 5,000,000, providing significant support for school operations or improvements.
- Encourages Financial Discipline: Rewards good repayment history with access to larger loans.
- Timely Disbursement: Availability during holidays ensures funds are ready for use before the new term starts.
- Flexibility in Use: Can be applied toward operational costs, minor improvements, or unexpected expenses.

School Van Loan
A School Van Loan is a financial product specifically designed to help educational institutions, such as schools or colleges, purchase or maintain vehicles (typically vans) for transporting students, staff, or goods. This loan enables schools to acquire vehicles without upfront payments, providing them with the flexibility to repay over time while benefiting from the van’s use. Here’s a more detailed look at the School Van Loan:
Key Features:
Purpose: The primary purpose of a school van loan is to finance the purchase or maintenance of vehicles used for school operations. This includes transporting students to and from school, field trips, staff transportation, and moving educational materials or equipment.
Loan Amount: The loan amount typically covers the full cost of the van or a significant portion of it, depending on the financial agreement. In some cases, schools may need to provide a down payment (usually a percentage of the vehicle’s cost), with the loan covering the remainder.
Repayment Terms: Repayment terms for a school van loan usually span several months or years. The interest rate is typically lower than other types of loans, reflecting the stable and predictable nature of the educational institution’s revenue, especially if it’s a public or well-established private school.
Interest Rates: School van loans typically offer favorable interest rates, considering the institution’s purpose and the steady cash flow from student fees or government funding. The rates might also depend on the creditworthiness of the school.
Eligibility: To qualify for a school van loan, the educational institution must meet specific criteria, which may include:
- Demonstrated financial stability or steady income sources (e.g., student fees).
- A clear plan for how the van will be used in school operations (e.g., transportation routes, schedule, etc.).
- Creditworthiness of the institution.
Collateral: In many cases, the van itself serves as collateral for the loan. If the school fails to repay, the lender can seize the vehicle to recover the loan amount. Some loans may require additional forms of security, depending on the lender’s policies and the financial status of the institution.
Loan Tenure: The tenure of the loan depends on the vehicle’s cost and the school’s ability to repay. The loan repayment period typically ranges from 1 to 5 years, with monthly or quarterly installments.
Loan Disbursement: Once approved, the loan is disbursed directly to the vehicle dealer
Maintenance & Upkeep: Schools often budget for ongoing maintenance and insurance of the vehicle separately. Some loan agreements may also require the school to ensure the vehicle is properly maintained, as this can affect its resale value (in case the loan defaults).
Benefits of a School Van Loan:
Improved Transportation: A school van loan allows institutions to provide more reliable and comfortable transportation for students, particularly in rural areas where public transportation may be unavailable or insufficient.
Cost-Effective Financing: Rather than paying for the van in full upfront, schools can manage their cash flow by spreading the payments over a longer period, making it easier to budget for other expenses.
Enhanced School Operations: Having access to a school van ensures that students and staff are transported safely and efficiently. This can improve school attendance, especially for students in remote areas.
Flexibility: Schools can use the loan to purchase different types of vehicles (e.g. vans, or minivans) based on their specific transportation needs. This flexibility ensures the vehicle fits the school’s budget and requirements.
Asset Creation: The vehicle is a tangible asset that the school can own, use, and maintain. Over time, it can be a valuable part of the school’s infrastructure, helping to minimize costs related to hiring transportation services.
Community Engagement: By providing reliable transportation, schools can support not only their students but also the community at large, such as by offering transportation for extracurricular activities, school events, or community outreach programs.

Other Loans We Offer!
Holiday Upkeep
Edify Staff Loans
Staff Loans
Salary Loans
Land Purchase Loans
Education Loans For Teachers Upgrading
Group Loans