Ugandans aspiring to own homes now have an exceptional opportunity to do so with the launch of Stanbic Bank Uganda’s latest lending campaign, “Oli Sorted,” which promises 100% financing. Announced on May 23, this innovative campaign aims to relieve the financial burdens associated with homeownership and educational expenses, particularly during the critical back-to-school season.
The "Oli Sorted" campaign is a 90-day initiative designed to provide comprehensive financial solutions to Ugandans. Recognizing the significant challenge that upfront home purchase costs present to many families, Stanbic Bank has introduced a groundbreaking offer of 100% financing for potential homeowners.
This is expected to open doors for numerous Ugandans who have previously been unable to meet the high down payment requirements typically associated with securing a mortgage.
“We understand the aspirations of many Ugandans to own a home and the financial hurdles that often come with it,” said Anne Juuko, CEO of Stanbic Bank Uganda. “Our 100% financing offer under the ‘Oli Sorted’ campaign is designed to make homeownership accessible to a broader segment of the population, empowering them to achieve their dreams without the burden of hefty initial costs.”
In addition to supporting homeownership, the campaign is also meant to assist parents during the back-to-school season. Education is a fundamental priority for many families, yet the costs associated with school fees and related expenses can be overwhelming.
To address this, Stanbic Bank is offering unsecured personal loans of up to UGX 350 million. This provision is intended to help parents manage and pay for school fees and other essential expenses, ensuring that their children’s education is not disrupted due to financial constraints.
“The back-to-school period is a crucial time for parents, and we want to ensure that they have the necessary financial support,” Juuko added. “Our unsecured personal loans are designed to provide immediate relief and assistance, allowing parents to focus on their children’s education without the added stress of financial pressure.”
The campaign’s dual focus on home financing and educational support highlights Stanbic Bank’s commitment to addressing the diverse financial needs of Ugandans. By offering both secured and unsecured loan options, the bank aims to cater to a wide range of customers, from those looking to invest in property to those needing temporary financial assistance for school-related expenses.
Potential beneficiaries of the "Oli Sorted" campaign can expect a streamlined application process, with Stanbic Bank emphasizing ease and accessibility. Interested customers are encouraged to visit any Stanbic Bank branch or contact their customer service for detailed information and application guidance.
Stanbic Bank Uganda, a subsidiary of the Standard Bank Group, has consistently been at the forefront of providing innovative banking solutions tailored to the needs of its customers. The launch of the “Oli Sorted” campaign is a testament to the bank’s ongoing commitment to financial inclusion and empowerment.
The 90-day period of the campaign offers a limited but significant window for eligible customers to take advantage of these offers. As the campaign progresses, it is anticipated that many Ugandans will benefit from the financial flexibility and opportunities provided by Stanbic Bank, ultimately contributing to the broader economic stability and growth of the country.
For more information about the “Oli Sorted” campaign and other services offered by Stanbic Bank Uganda, customers are encouraged to visit the bank’s official website or their nearest branch.
Stanbic Bank Uganda is a member of the Standard Bank Group, Africa’s largest bank by assets. It offers a wide range of banking services to individuals, businesses, and corporations, with a strong focus on innovation and customer-centric solutions.
