Product Overview
The Emergency Loan provides eligible members with rapid access to funds for urgent and immediate financial needs. This product is designed for genuine emergencies where time is critical. All loans are at 1.8% per month on a reducing balance. Contact our office to confirm eligibility and begin your application.
Intended Purpose
- Addressing genuine urgent financial emergencies
- Covering unexpected essential expenses
- Short-term relief for critical situations
Eligibility Requirements
Eligibility criteria must be confirmed with Mubuga SACCO staff. The information below is indicative only.
- Active SACCO membership in good standing
- A genuine and verifiable emergency need
- Sufficient savings balance or guarantor as required
- Other criteria as confirmed by management
Typical Documents Required
Exact documentation requirements must be confirmed with SACCO staff before applying.
- Valid national identification document
- Proof of SACCO membership
- Completed loan application form
- Evidence of the emergency where required
- Security or guarantor documentation
Interest Rate & Repayment Terms
All loans: 1.8% per month on reducing balance.
Contact the office directly to confirm your specific repayment schedule, loan limit and any applicable fees before applying.
Frequently Asked Questions
How fast is an emergency loan processed?
Contact our office immediately on 0394 841 360. Staff will prioritise genuine emergency applications.
What is the interest rate?
All MUSACCO loans are at 1.8% per month on a reducing balance.