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Lending Rates

A retail shopping centre in downtown Kampala, Uganda

More competition, less government debt keys to lower lending rates

Report finds that interest rate spreads and interest rates were the highest in Uganda, compared to regional peers
A branch of Uganda's Bank of Baroda

Bank interest rates and charges — as at 1 January 2020

Current commercial bank interest rates and charges as at 1 January 2020. Compare fixed deposit and lending rates from Uganda's 24 commercial banks to get the best rate
Logos of Uganda's commercial banks

Commercial bank interest rates and charges as at 1 January, 2019

We are publishing the information to help you get the best rates in case you are shopping for a loan, and to help you decide the best bank to do business with. In short, we want to help you save money

High lending costs to informal sector keeping credit costs up – Kasekende

Standard Chartered's socio-economic impact report estimates that its lending supported value-added of 3.5% of GDP and almost half a million jobs in 2016

Why Ugandans should look more to banks for home construction loans

In Uganda, as in many developing countries, most people who decide to build their own homes do so incrementally overtime using business income, personal savings and or small unsecured loans
Officials seated around a conference table during a press briefing

Bank of Uganda has some news on the economy… And it is not good!

Bank of Uganda on Wednesday reduced the policy lending rate by 0.5% to 11% citing an improved inflation outlook and the need to support private sector credit and economic growth.

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