Stanbic Bank Uganda has launched an enhanced SupaDupa Campaign, extending the repayment period for unsecured commercial loans from 84 to 120 months, a move aimed at easing financial burdens and promoting inclusivity for Ugandans.
The announcement was made during a press conference in Kampala.
Israel Arinaitwe, Head of Personal Banking at Stanbic, emphasized that the extended 120-month loan tenor will lower monthly installments, offering borrowers greater financial flexibility.
“This extension gives you more breathing room with easier monthly installments,” Arinaitwe said.
The extended repayment option applies to both salaried and self-employed individuals, with loans available up to Shs 350 million. The initiative targets key groups, including youth, women, and farmers, to foster financial inclusion and support economic growth across Uganda. Arinaitwe noted that the policy was shaped by customer feedback, ensuring tailored repayment plans that reflect real-life financial circumstances.
In addition to the loan extension, Stanbic introduced incentives tied to its Back-to-School Campaign. Melissa Nyakwera, Head of Commercial Banking, announced cash-back rewards of up to Shs 200,000 for clients paying school fees through the bank’s digital platforms, including FlexiPay, Agent Banking, and USSD *290# channels.
“As we approach the back-to-school period, we recognize the challenges of paying school fees. Our digital solutions are quick, secure, and trackable, ensuring convenience and transparency,” Nyakwera said.
Nyakwera encouraged customers to adopt these tools for seamless, stress-free transactions, reinforcing Stanbic’s goal of creating an inclusive financial ecosystem.
The bank said prospective borrowers can visit its branches or contact the digital banking team to explore the 120-month loan option.
