Personal Banking - Deposits - Current Account - Employee Banking

With the Employee Banking account, we guarantee predictability, reliability and certainty of charges on the account. The account is maintained at a monthly flat fee hence no surprises, giving you the ultimate peace of mind. In addition to this, the account allows for transactional convenience for both the employee and the employer through free access to electronic platforms such as Mobile Banking and e-Statements.

For a flat fee of up to UGS15,000 per a month, one can enjoy the following:

Free VISA Debit Card,
Free ATM Transactions,
Free Salary Processing,
Free Cheque Book,
Free Monthly Statements (1 per month),
Free cash and cheque deposits,
Preferential pricing on personal loans and mortgages as well as membership to an exclusive club

Account Opening Requirements

Minimum opening requirements for individual Current Accounts
One passport size photograph
Original &! Copy of ID or valid passport
Proof of residence; either an electricity bill/water bill/tenancy agreement

Employee Banking offers a total banking relationship to salaried individuals as opposed to simply a salary account or a loan. With Employee Banking employees are guaranteed preferential pricing on mortgages, personal loans and access to services such as Mobile Banking and E-statements among others.

Personal Loans (Smart Credit)

At Standard Chartered Bank we understand that you have dreams and ambitions about improving the quality of your life. We know that you would for example like to buy new furniture or extend your house. You also buy consumer durables such as a washing machine or microwave oven that make life easier and more convenient for you and your family. You may also be planning to study for your Masters or parallel degree or any other grand dream you may have. All these dreams need financing to become a reality. That's why Standard Chartered Bank is offering you a Personal Unsecured Loan to enable you fulfill your dreams and live your life to the full.

Features of our Personal Loan

Competitive interest rates
No security needed
Flexible repayment periods of up to 60 months
High unsecured loan amounts of up to Ugx 120m.
Convenience and easy access; service at your doorstep. You do not have to come to the bank, we will come to you.
A 24 hour response guarantee or we pay Ugx 1,000,000
Top up loan after only 6 months repayment*.

What do you need to qualify?

A minimum net pay of Ugx 450,000 per month*.
SCB Customers
Proof of income (Certified copy of pay slip).
Non-SCB Customers
Introduction letter from employer on company letterhead.
Six months original bank statements from current bankers
Copy of ID/Passport
Proof of income (Certified copy of pay slip)
Proof of residential address

Mortgages

Buying your own home means comfort, security and a sense of belonging for you and your family. If you want to buy your own home we can help you make it happen with our unique home loan.

Standard Chartered Home Loan Benefits

Up to 80% of the value of your property*
Affordable Interest Rates - Standard Chartered Bank offers competitive interest rates
Long and flexible tenors of up to 25 years
High loan amounts of up to Ugx 800m
A 72 hour response to your home loan application or we pay you Ugx 50,000 per a day for every day that we delay.
Loans to cater for equity release, purchase, renovation and refinancing

Fees and other charges

Facility arrangement fee of 1.5% of loan amount. Payable upon acceptance of the banking facility letter
Legal costs and stamp duty depending on the loan amount and property value respectively
Fire (property) insurance
Mortgage protection insurance (fire and burglary) for the borrower
Valuation fees - this depends on the value of the property

Qualifying Criteria and Home Loan Requirements

Ugandan citizens, permanent residents and expatriates
Minimum age 21
Salaried customers meeting all the specified requirements
Employees and Directors of reputable companies and well established SMEs who are purchasing a residential property for owner occupation. (Must have demonstrable and verifiable monthly income for the past 12 months)
Professionals and consultants who earn a regular monthly income and are purchasing a residential property for owner occupation

Documentation required

Duly completed and signed home loan application form
Original ID and copy of passport and photos of the house
3 passport size photographs
Copy of utility bill for current residential address
Certified bank statements for the last 12 months(for non-SCB customer)
Financial and / or management accounts for the self employed applicants.
Letter from employer (if applicable)
3 pay slips (original or copy certified by the employer)
Copy of title deed
Valuation report (to be done by the bank's approved valuer after approval)
Sales agreement (for customers buying property)
Approved building plans
Spousal consent with a photocopy of identification and passport photograph. If the client isn't married they need to provide a sworn affidavit from the commissioner of oaths stating that they have never been married
Photocopy of the financial card
Proof of residence
Photographs of the property both internal and external
For applicants who are purchasing property, they need to avail the new TIN as a directive by URA for purposes of effecting transfer of property into their names
Please note that all the fees for the facility are to be picked upfront from the client's account for those taking Home Purchases and Refinancing, whereas for Equity Release the we can deduct the fees from the loan amount that the client is borrowing

Free-eStatements

Get your bank statement emailed to you immediately. It is fast, there is no danger of statements getting lost in the mail and you can help save our environment at the same time. You receive free e-Statements daily, weekly or monthly depending on your preference. The e-Statement outlines the transactions that have taken place during the period that have been processed by us by that date.

Mobile Banking

At Standard Chartered, we know that you lead a busy life. You are constantly on the go at home and abroad. You need banking that allows you to manage your finances, whatever the time, wherever you are with no queues or traffic jams. With mobile banking we guarantee fast access to your bank account through the push of a button on your mobile phone. It’s safe too. All your transactions are limited to a single registered phone number and a unique PIN ensures that only you can access the accounts. You can do all this, with your mobile phone:

Balance enquiry
Mini-statement request for the last 3 transactions
Buy airtime across all mobile networks
Bill pay (UMEME, NW&SC and DSTV)
Forex rates
Funds transfer to nominated accounts
Full statement request
Cheque book request
Pin change

How it works

Dial *177≠ You will receive the message ‘welcome to SCB Mobile Banking, please enter your mobile banking PIN.
Select ANSWER/REPLY/OK, enter your 6 digit PIN and SEND. You will receive a message ‘’welcome to SCB portal’’, select service
Select ANSWER/REPLY and enter the number that corresponds to the option that you want to use and SEND
Upon successful completion of any transaction/r! equest, you will receive a message – ‘’ thank you, you will receive a reply shortly’’
You will then receive a text response with your account balance, mini-statement or transaction reference number depending on the request that you made.

Through Employee Banking, we endeavor to offer the best products and services to ensure your employees' banking needs are taken care of. As an employer, you can enjoy the following benefits provided to you through Employee Banking:

Dedicated Employee Banking Relationship Manager - A dedicated Employee Banking Relationship Manager will assist your organization with
- Registering Employees
- Coordinating facilities for your employees
- Responding to your queries or feedback.
Simplified Banking – All-in-one company registration process for Salary Accounts, Mortgages and Personal Loans with Standard Chartered Bank.
Straight2Bank (Payment Platform) – a range of online Corporate Banking facilities including the ability to transfer salaries to your employees right from your desk.
Financial literacy clinics for your employees – Through our expert staff, we are able to offer free advisory services to employees.
Banking at your doorstep – Enjoy the convenience of having a Standard Chartered Bank sales camp at your company premises on select dates.