At Y-Save we understand that you have dreams and ambitions about improving the quality of your life. We know that you would for example like to buy new furniture or buy a plot of land, fund opportunities or emergencies.
You may also be planning to study for your Masters or parallel degree or any other grand dream you may have. All these dreams need financing to become a reality.
That's why Y-Save offers you a Loan account to enable you to fulfill your dreams and live your life to the full.
Categories of Loan Account
This Loan product is offered to Y-Save members who need to boost their farms or to fund agriculture projects. It’s designed to finance business activities in agricultural production, processing, marketing and acquire new machinery.
This Loan product is offered to Y-Save members who need to boost their businesses. It’s aimed at financing business growth and facilitates business performance for both small and medium Businesses. The member must present business documentation to support loan application.
Contract financing Loan
This Loan product is offered to Y-Save members who need to fund business contracts. It enables the member to receive a cash advance on work they are yet to perform. The member must present a contract when applying for this loan and must pay up within a period of six (6) Months.
This Loan product is offered to Y-Save members for personal financial emergences. The product offers members an opportunity to improve on their lifestyle, meet their medical needs and accomplish their educational goals leading to Personal Development.
This Loan product is offered to Y-Save members to acquire property. It’s designed to enable the members buy land, own a home, do construction or buy machinery. The product aims at improving the member’s welfare.
- We offer loans to only account holders
- Our loans have a reasonable interest rate of 18% Per Annum or simply 1.5% per month, calculated on a reducing balance basis
- The amount disbursed to a member is 80% of the security they have
- Security for the loans is tagged to the member's savings, shares or guarantor-ship by other member's savings or shares
- Member's assets for example Land titles can also be used as security for the loans
"Opened up a children's account for two of mu kids for them to have a well planned future.Hoping to look at other account like pension" — Ntege Samuel