Product Overview
The Medical Loan is available to eligible members who need to meet urgent medical or healthcare expenses for themselves or their family members. Health emergencies create sudden financial pressure and this product aims to provide timely support. All loans are at 1.8% per month on a reducing balance. Contact us to confirm eligibility.
Intended Purpose
- Meeting hospital bills and inpatient treatment costs
- Paying for prescribed medicines and medical supplies
- Covering outpatient consultation and diagnostic fees
- Other urgent healthcare-related expenses
Eligibility Requirements
Eligibility criteria must be confirmed with Mubuga SACCO staff. The information below is indicative only.
- Active SACCO membership in good standing
- A verifiable medical or healthcare need
- Ability to provide required security or guarantor
- 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
- Medical documentation or hospital invoice 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 quickly can a medical loan be processed?
Contact our office urgently on 0394 841 360. Staff will advise on processing times for medical emergencies.
What is the interest rate?
All MUSACCO loans are at 1.8% per month on a reducing balance.