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Absa Bank Offers Customers 2-month Loan Repayment Holiday


Absa Bank Uganda will offer a two-month repayment holiday on salary loans to customers as schools reopen in January.

The offer is available on salary loans with competitive interest rates for sums between UGX1 million to UGX250 million.

Education institutions have been closed since March 2020 due to the coronavirus pandemic adversely affecting both learners and parents.

According to the Ministry of Education, the new school calendar will resume on 10th January.

Absa Bank Uganda Limited is part of Absa Group Limited, one of Africa’s largest diversified financial services groups listed on the Johannesburg Stock Exchange.

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