Salary Loans

Reliable financing for salaried employees.

DMF Salary Loans provide short-term financial support for employees with regular income, helping them meet personal needs with structured monthly repayments.

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Product Overview

Financial support designed around your monthly income.

Salary Loans are designed for employees working with credible institutions on a permanent or contractual basis. The product is assessed using income records, bank statements, identification documents, and repayment capacity.

The DMF Credit Manual indicates that salary loan applicants should provide recent payslips, valid identification, bank statements, and may require an employer undertaking or other approved repayment support.

Salaried employee reviewing financial documents
Key Product Details

Simple, structured, and income-based.

Salary Loans are assessed based on employment status, net monthly pay, repayment capacity, and supporting documentation.

First Cycle 4–6 Months
Subsequent Term Up to 12 Months
Assessment Net Monthly Pay
Repayment Monthly Installments
Eligibility

Who can apply for a Salary Loan?

Applicant Requirements

  • Applicant should be employed by a credible institution.
  • Employment may be permanent or contractual.
  • Applicant should provide recent payslips.
  • Applicant should provide valid identification documents.
  • Applicant should provide a recent bank statement.
  • Applicant should demonstrate ability to repay monthly installments.

Supporting Documents

  • Recent payslips, commonly covering at least three months.
  • Bank statement, commonly covering at least six months.
  • Valid National ID or other acceptable identification.
  • Employer undertaking letter where required.
  • Collateral or asset pledge where required by assessment.
  • Loan application and supporting forms completed at branch level.
Application Process

How the Salary Loan process works.

DMF reviews your employment details, income records, repayment capacity, and supporting documents before submitting your application for approval.

01

Consultation

A DMF advisor confirms your employment status, loan need, and basic eligibility.

02

Document Submission

You provide payslips, bank statement, identification, and other required documents.

03

Income Assessment

DMF reviews your net monthly pay, repayment capacity, and proposed loan amount.

04

Approval & Disbursement

The loan file is reviewed and approved before disbursement to your account or approved mode.

Terms & Charges

Important salary loan terms.

These terms are based on DMF’s credit policy guidance and should be confirmed with a DMF advisor before application.

Item Indicative Term
Eligible Client Employee of a credible institution on permanent or contractual employment.
Loan Amount Assessment May be based on 50% of net monthly pay multiplied by the loan period, subject to approval.
Loan Period 4–6 months for first cycle; up to 12 months for subsequent loans depending on performance.
Interest Rate 3.5% per month flat, subject to confirmation with DMF.
Administration Fee 2% of loan amount, payable upfront.
Insurance 1.5% of loan amount, payable upfront.
Application Fee UGX 10,000, subject to confirmation.
Collateral Fund 10% refundable on completion of the loan, where applicable.
Repayment Mode Monthly equal installments, bank payment, cheque, or approved repayment arrangement.
Salary Loan approval is subject to income verification, repayment capacity, employer confirmation where required, credit assessment, and DMF credit committee decision. Product terms may be updated by management.

Need short-term financial support?

Apply for a Salary Loan or speak to a DMF advisor for guidance.

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