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Questions and Answers: What you need to know about dfcu unsecured payroll loan

dfcu Bank recently launched an unsecured payroll loan campaign aimed at responding to customers who may need a quick financial boost with a quick turnaround time for personal use.

The campaign, titled Win-Win with a dfcu Salary Loan, runs for 12 weeks and promises an unbeatable offer with quick response, affordable interest rates and much more.

Miranda Bageine Musoke, dfcu Head of Personal Banking, shares more insights into unsecured personal loans.

For our audience, how would you describe an unsecured loan?

Unsecured loans are loans that do not require a deposit or collateral. Instead, loans are approved based on personal credit history and stable salary income.

In short, unsecured loans offer many advantages to borrowers, including flexibility and the ability to borrow without collateral.

Tell us about “Win-Win with a dfcu payroll loan”

This is an unsecured personal loan or salary loan campaign that we created to meet the needs of clients who need money for urgent and often personal reasons that cannot wait or be delayed.

We’re still in the first quarter of the year, which for many people is a time to set annual goals that almost always require funding if they are to be successful.

With this campaign, dfcu Bank offers the financial part of the overall solution that is necessary for the success of our customers.

Who is eligible for this loan?

Both existing and new customers with payroll accounts are eligible for this campaign. It is important to note that customers can transfer their existing loans from other banks to dfcu Bank for free to take advantage of this initiative.

How long will this campaign last?

The promotion is scheduled for 12 weeks.

What are the key campaign features for anyone looking to purchase the loan?

  • Customers can access up to 250 million Shs.
  • We are committed to a fast processing time of 24 hours after receiving the loan application.
  • Finally, customers have a chance to win Shs. 10 million to pay off her loan. This is capped at a maximum of Shs 10 million per winner.

How does a customer qualify for a dfcu unsecured payroll loan?

Key customer eligibility criteria include:

  • One must have a recipient of monthly salary/income.
  • One should have an active account that is frequently used for transactions.
  • One should have a clean credit history.

What do you think makes this offer different from other campaigns?

As part of this campaign, dfcu Bank is:

  • Offers customers up to 250 million Shs.
  • No collateral requests.
  • Allow customers to enter a raffle to win a loan payback of up to 10 million UGX.
  • Working with clients who wish to transfer their existing loans from other banks to dfcu Bank for free.
  • Calculate reduced interest rates of only 16.5% per year.

Any last words?

We are committed to helping all of our clients achieve their financial goals and dreams and we believe this offering will do just that.

Anyone interested in learning more or applying for the loan can email: [email protected] or call toll free 0800 222000 or message WhatsApp number: 0776 760760.

Richard Dement

The author Richard Dement