Loans

Loans

Fast, fair and flexible financing designed for the real needs of our members.

NECOS business loan poster, a market vendor at her produce stall
01. Choose your loan

Seven ways to borrow

Open a product to read how it works and exactly what is required before you apply.

Use the loan to grow your business. Disbursed within 24 hours for qualifying members. Flexible repayment plans and competitive interest rates. Repay via Mobis wallet on any mobile network.

Requirements

  • Active business
  • 18 years and above
  • Minimum 6 months business activity
  • Proof of business
  • Minimum 25 percent savings of the loan amount
  • Two guarantors
  • CRB check
  • Acceptable collateral

Acquire vehicles, equipment or household goods. The asset itself serves as security. No additional collateral required. Competitive rates and flexible repayments matched to your cash flow.

Requirements

  • Original National ID or Passport
  • Minimum 25 percent savings
  • Two guarantors
  • CRB check
  • Active registered mobile money account

Fast cash on your phone. Dial *284*10# on any network. No collateral required for members with good credit history.

Dial on any network

*284*10#

Requirements

  • Valid National ID
  • Proof of regular income
  • Registered mobile money account in your name
  • Good credit history with NECOS

Finance a new or used motorcycle for commercial transport. Fast approval, flexible terms up to 18 months, free GPS tracking. Electric bike options available. The motorcycle serves as collateral.

Requirements

  • Original National ID or Passport
  • Minimum down payment
  • One or two guarantors
  • Active mobile money account

Fund solar installations, energy-saving equipment and green upgrades for your home or business. Good for your pocket and for Uganda.

How to apply

  • Active savings account
  • Verifiable income
  • Collateral or guarantor
  • Invoice from a reputable provider

Keep your children in class every term. Contact any branch for current terms and eligibility.

Contact a branch

When life does not wait, neither do we. Fast processing for members who need immediate support. Contact any branch to apply.

Contact a branch
02. On the road

Financing that earns while it repays

Boda Boda Loans finance a new or used motorcycle for commercial transport, with flexible terms up to 18 months and free GPS tracking included. Electric bike options are available, and the motorcycle itself serves as collateral.

Savings often unlock better credit
NECOS boda boda loan poster, a rider on his motorcycle

Talk to us before you borrow

Bring your questions to any branch. We will go through the requirements with you and tell you plainly what a loan will cost.

Contact NECOS