Bank of Uganda publishes commercial bank interest rates and charges for personal accounts every quarter to “promote transparency and enhance competition in the provision of banking services”.
We are publishing the information to help you get the best rate if you are looking for a loan. Comparing rates from different lenders should help you get the most competitive loan product.
In addition, with this information, you should be able to ensure that you are not being cheated by commercial banks. The Bank of Uganda advises customers to report to it if they are offered a rate or charge different from what is published in the tables below.
The tables show interest rates at Uganda’s 24 commercial banks — for current accounts, savings accounts, fixed deposits, and loans — loan-related fees and charges, minimum balances for different accounts, bank charges and fees, and fees on ATM transactions.
The rates and charges were accurate for 1 January, 2020.
Interest Rates
Current Accounts (Minimum) | Current Accounts (Maximum) | Saving Accounts (Minimum) | Saving Accounts (Maximum) | Fixed Deposits (Minimum) | Fixed Deposits (Maximum) | Lending Rate (Minimum) | Lending Rate (Maximum) | Prime Lending Rate | Overdrawn Penalty | |
---|---|---|---|---|---|---|---|---|---|---|
ABC Capital | Nil | 1.5% | 2.50% | 5% | 4.50% | 8% | 16% | 30% | 22.50% | 30% |
Absa Bank | 0% | 0% | 0.30% | 9% | 2.16% | 11.50% | 17.50% | 28% | 19.75% | 25,000 |
Bank of Africa | 0% | 4% | 0.30% | 7% | 2% | 10% | Base-4% | Base+6% | 22% | 5% |
Bank of India | 0% | 2.5% | 1.80% | 3.50% | 4% | 12.75% | PLR-3% | PLR+4% | 18% | PLR+5% |
Baroda | Nil | Nil | 2.00% | 2.00% | 4.00% | 9% | PLR | PLR+4% | 20% | PLR+5% |
Cairo | 0% | 0% | 3% | 5% | 1.50% | 12% | 17% | 37% | 23% | 6% |
CBAU | N/A | N/A | 1% | 3% | Negotiable | Negotiable | PLR-3% | PLR+3% | 21.50% | PLR+10% |
Centenary | N/A | N/A | 2% (per quarter) | N/A | 4% | 8% | 10% | 42% | 21% | PLR+6% |
DFCU | 0% | 4% | 0.20% | 5.50% | 4% | 13% | 18% | 36% | 21% | 41% |
Diamond Trust | 1% | 2% (0.5% for US$) | 2% | 3% (0.5% for US$) | 3% (0.5% for US$) | 12% (2% for US$) | 17% | 22.50% | 22.50% | PLR+20% |
Ecobank | Nil | 5% | 0.10% | 3.00% | 5% | 12% | PLR-3% | PLR+3% | 20.50% | PLR+15.5% |
Equity | – | 3% (only for NGOs) | – | 3% | 5.50% | 9% | 12% | 36% | 22% | 24% |
Exim | 0.5% | 3% | N/A | 2% | 0.50% | N/A | 6% | 25% | 22.50% | 36% |
Finance Trust | N/A | N/A | 2% | 7.50% | 3% | 12.50% | 19% | 30% | 22% | N/A |
GTBank | – | 3% | 3% | 3% | 5% | 11% | 11% | 34.50% | 21% | 34.50% |
Housing Finance | – | – | 3% | 7.00% | 4.50% | 10.50% | 17.50% | PLR+4% | 21% | 15%+PLR |
KCB Uganda | N/A | 5% | 2.50% | 5% | 5.50% | 9.50% | PLR | PLR+5% | 22% | PLR+5% |
NC Bank | 0% | 0% | 0% | 3.50% | Negotiable | Negotiable | Negotiable | Negotiable | 21.50% | PLR+15% |
Opportunity | N/A | N/A | 1% | 7% | 3% | 8% | 6% | Negotiable | 24.00% | Nil |
Orient | N/A | 5% | 1% | 5% | 5% | Negotiable | Negotiable | Negotiable | 20.50% | PLR+10% |
Stanbic | 0% | 4% | 0.50% | 4.50% | 0.91% | 10% | CBR | PLR+8% | 17.50% | 25% |
Standard Chartered | 0% | 0% | 0% | 3% | 4% | 10% | 16% | PLR+5.7% | 19.30% | 43.50% |
Tropical | N/A | N/A | 2.50% | 5% | 8% | 12% | 18% | 28.50% | 22.50% | 12% |
UBA Uganda | 1% | 3% | 2% | 4% | Negotiable | Negotiable | N/A | Negotiable | 20% | PLR+10% |
Loan Related Charges
Loan/Advance Application Fee | Loan/Advance Commitment Fee | Loan/Advance Arrangement Fee | Loan/Advance Processing/Admin Fee | Loan/Advance Monitoring Fee | Insurance Fee | Legal Fee | Loan/Advance Facility Renewal | Loan/Advance Facility Restructuring | Discharge of security documents | Guarantee Arrangement Fee | |
---|---|---|---|---|---|---|---|---|---|---|---|
ABC Capital | 100,000 | 1% | 2% | Nil | Nil | Actual | Actual | 1%-3% | 1% | Nil | N/A |
Absa Bank | 15,000 | Free | 3% (of loan amount for secured lending, 3% of loan amount for unsecured) | Free | 20,000 | 2% | Min 250,000; Max 6m | N/A | N/A | 45,500 | N/A |
Bank of Africa | 65,000 (individual’125,000 company) | 1% (of unutilised amount) | 2% | N/A | 5000 | Actual | Actual | 2% | 2% | 50,000 | N/A |
Bank of India | Nil | 0.5% (per quarter) | N/A | 1% | Actual | Actual | Actual | 1% | 1% | Actual | N/A |
Baroda | Nil | 0.5% (per quarter) | Nil | 1% | Nil | Actual | Actual | 1% | Nil | Actual | N/A |
Cairo | 30,000-50,000 | 0.5%-1% | Nil | 2%-3% | 0.5%-1% | 1%-5% | Actual | 2% | 1% | 23,000 | N/A |
CBAU | 100,000 | Nil | 1%-3% | Nil | Nil | Actual | 0.5%-3% | 1%-3% | 1% | N/A | N/A |
Centenary | 20,000-50,000 | 2% | N/A | N/A | N/A | 0.45%-1.25% | Actual | 2% | 1% | N/A | N/A |
DFCU | 20,000 (for personal & home loans; 30,000 for other loans) | N/A | 2%-3% | N/A | 1% | Actual | Actual | 2% | 1% | N/A | N/A |
Diamond Trust | N/A | 1.50% | Nil | 1.50% | 0.25% | Actual | Actual | 1.5% | 1.5% | 50,000 | 1% per quarter |
Ecobank | Free | Free | 2% | 2% | Free | 1% | Actual | 2% | 2% | N/A | N/A |
Equity | 10,000 (for only micro loans) | N/A | N/A | 4% | N/A | 1%-2% | – | 1%-4% (or Shs200,000, whichever is higher) | 1% | Free | N/A |
Exim | N/A | N/A | 2% | N/A | 1% or 500,000 | Actual | Actual | N/A | N/A | N/A | 1% or 200,000 |
Finance Trust | Nil | Nil | 3% | N/A | 0.5% (per month: Min 2000, Max 50,000) | 1%-1.5% (1 yr & below; 1.5% above 1 yr) | Actual | N/A | 1% | Free | N/A |
GTBank | 300,000-500,000 | N/A | N/A | 2.5% | 0.5% | Actual | 0.85% | 2.5% | 2.5% | 30,000 | N/A |
Housing Finance | 30,000 | N/A | 1.5%`(of loan amount for secured lending, 3% of loan amount for unsecured) | N/A | 0.25% | 1.5% (of insurance value) | N/A | 2% | 1% | 35,000 | N/A |
KCB Uganda | 50,000 | Free | 2% (min 100,000) | Free | 1.05% | Actual | Actual | 2% | 2% | 50,000 (20,000 for mortgages) | N/A |
NC Bank | 50,000 (personal; free for corporate/SME) | Nil | 1-3% | Nil | 1% (of outstanding balance; minimum Shs60,000) | Actual | Actual | 1% | N/A | N/A | N/A |
Opportunity | 5000-10,000 (group, 20,000 individual, 50,000 SME & loans above 50m) | Nil | 2.3% (group, 4.3% individual &SME) | N/A | Nil (group & SME, 0.5%-2% individual) | Free | N/A | Nil | 1% | Nil | N/A (group, 0.5% individual, 0.75% SME) |
Orient | Free | N/A | 1-3% | Free | Free | 0.5-1.5% | Actual | 1-2% | 1-2% | Nil | 1% of value per quarter |
Stanbic | N/A | N/A | 1.5%-2% (min 120,000) | N/A | Free | N/A | N/A | 1.5%-2% | N/A | N/A | N/A |
Standard Chartered | 20,000 | N/A | 2% (min 450,000) | N/A | 5000 (per month) | 0.54% pa | 0.5%-1% | 1%-2% | N/A | N/A | N/A |
Tropical | 35,000 | 2% | N/A | 35,000 | 0.25% | 1% | 2% | N/A | 1% | Free | N/A |
UBA Uganda | 50,000 | 1%-4% | 1%-4% | 3% | Free | 2% | Actual | 2% (corporate; 3% retail) | 2% (corporate; 3% retail) | N/A | 2% |
Minimum Balances
Current Accounts | Savings Accounts | Fixed Deposits | |
---|---|---|---|
ABC Capital | 50,000 | 10,000 | 500,000 |
Absa Bank | 15,000 | - | 1,000,000 |
Bank of Africa | 5,000 | 1,000 | 2,500,000 |
Bank of India | 50,000 | 25,000 | 1,000,000 |
Baroda | 300,000 (for Kampala, Mukono & Jinja branches; 200,000 for other upcountry branches) | 20,000 | 100,000 |
Cairo | 10,000 | 10,000 | 1,000,000 |
CBAU | - | 100,000 | 1,000,000 |
Centenary | 10,000 | 5,000 | N/A |
DFCU | - | 5,000 | 1,000,000 |
Diamond Trust | - | - | 5,000,000 |
Ecobank | Nil | 50,000 | 5,000,000 |
Equity | Nil | Nil | 5,000,000 |
Exim | Nil | 20,000 | 1,000,000 |
Finance Trust | 10,000 | 2,000 | 1,000,000 |
GTBank | Nil | Nil | 100,000 |
Housing Finance | Nil | Nil | 1,000,000 |
KCB Uganda | N/A | 20,000 | 10,000,000 |
NC Bank | Nil | 5,000 | Nil |
Opportunity | N/A | 10,000 (individual, 50,000 target, 100,000 business) | 5,000 |
Orient | Nil | 10,000 | 5,000,000 |
Stanbic | Nil | Nil | 1,000,000 |
Standard Chartered | Nil | 100,000 | 10,000,000 |
Tropical | 50,000 | 10,000 | 1,000,000 |
UBA Uganda | 20,000 | 20,000 | Negotiable |