Police Savings Association Limited (PSAL) started loan disbursements in October 2000. The interest rate is 13% per annum. This is the lowest interest one can ever find as compared to other financial institutions, and is quite affordable to the members.
The processing of the loans has been eased by computerization of the system, adoption of Information Management System (IMS) continues to serve the purpose very well. The individual loan can now be processed within one week.
The soft loan has benefited members as one sure way of improving their welfare, through investment in various income generating projects to alleviate poverty. Some members have managed to build permanent residential houses upcountry and in urban areas. This is no mean achievement considering the challenges involved in construction today. Loans also help in school fees, which has enabled some members to educate their children up to University level.
Best competitive interest rate of 13% per annum.
No loan processing fees.
No hidden charges.
Minimum loan period of three(3) months.
Maximum loan period of Thirty six(36) months.
The amount of loan depends on a member's basic monthly salary.
Regular loan balance updates sent every after three months to members' telephone contacts.
For PSAL members only.
A copy of National ID.
Current payslip.
A copy of Warrant card.
Attach a Letter of Under Taking.
The applicant must have been a member for atleast six months before applying for a loan.
Visit PSALCome to our offices
Police Savings Association Ltd.
Parliamentary Avenue, Raja Chambers(Wing B) 1st Floor, Room 023.
P. O. Box 9685 Kampala-Uganda
Mobile: +256 781 948 908.
E-mail: policesavings@yahoo.com | policesavings2022@gmail.com.