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Uganda: Stanbic Auto & Life Show Winds Up
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The Monitor (Kampala)
27 March 2008
Posted to the web 27 March 2008
Anisa Mafoodh
Kampala
THE Stanbic Auto and Lifestyle show, was concluded on Saturday, March 22. "I would say it was a rather colorful," head of Vehicle and Asset Finance, Mr. Hentie Stemmet said.During the two-day show, the final raffle draw saw Mr. Moses Kafeero a businessman who deals in decorations taking a sofa set and car musical set.
Entrance into the show for traders was also free and this will be the tradition because the purpose is to see many people applying for both auto and house loans, hoping this will improve the lives of most Ugandans.
" You don't have to be with an account in Stanbic to attain a house loan, as long as your bank statement is brought to us we decide as to when you can get the house and you automatically can be considerd," said Mr Stemmet.
The house loan is only restricted to a certain income but many clients prefer to apply for house loans using their company name which is to us an appropriate way to do business.
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At least a client should be earning Shs1million and above because we shall be deducting a 30 per cent from their salary every month say for five years.
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