KAMPALA, Uganda — KCB Bank Uganda has expanded access to personal credit for salaried employees, offering unsecured loans of up to 500 million shillings to help customers finance long-term financial goals.
The initiative aims to shift the perception of borrowing from a last-resort measure to a proactive tool for financial planning. By removing collateral requirements, the bank seeks to simplify the process for professionals looking to invest in education, land or small businesses.
Miranda Bageine Musoke, head of retail banking at KCB Bank Uganda, said starting the year with a clear financial plan is a critical decision for salary earners.
When income is used strategically and supported by the right financial solutions, it becomes a tool for growth, stability and long-term security, Musoke said.
The loan features a 48-hour turnaround time and repayment periods of up to 120 months. Bank officials said the flexible terms are designed to support disciplined cash-flow management while protecting the daily financial stability of borrowers.
Data from Statista indicates that nearly 70% of Ugandans cite limited access to credit as the primary barrier to achieving their financial goals. KCB Bank’s move addresses this gap by targeting individuals who need substantial capital without the burden of providing physical assets as security.
In addition to personal lending, the bank provides a range of services including bancassurance, mortgage financing and digital credit options like MoPesa.
KCB Bank Uganda is licensed by the Bank of Uganda and operates 15 branches, 24 ATMs and more than 500 banking agents across the country.
