Salama UG App is a product of PDMS facilitating quick reservations and deduction management for public workers
NB
Minimum period of repayment: 3 months
Maximum period of repayment: 2 years (24 months)
Maximum APR: 28%
Representative Example:
- Loan Amount: Ugx 10,000,000
- Loan Term: 24 months
- Annual Percentage Rate (APR): 20%
- Additional Fees:
- Origination Fee: Ugx 20,000
- Insurance Component: Ugx 175,746.37
- Total Interest Charged: Ugx 2,214,992.62
- Total Fees: Ugx 195,746.37 (Origination Fee: Ugx 20,000 + Insurance: 175,746.37)
- Total Repayment Amount: Ugx 12,410,738.99 (Loan Amount: Ugx 10,000,000 + Total Interest Charged: Ugx 2,214,992.62 + Total Fees: Ugx 195,746.37)