How To Get A Taxi On A Loan In Uganda

What Is A Loan?

In finance, a loan is the lending of money by one or more individuals, organizations, or other entities to other individuals, organizations etc. The recipient incurs a debt and is usually liable to pay interest on that debt until it is repaid as well as to repay the principal amount borrowed.

How To Get A Taxi On A Loan In Uganda?

2 Copies of the ID & PIN certificate.

An Introduction/Appointment/Confirmation letter from the employer.

Duly signed authorization forms.

Duly completed loan application and appraisal form.

Pro forma Invoice / Sale Agreement.

Valuation Report.

Original Log Book.

What Is The Price Of A New Taxi In Uganda?

The basic fee is UGX3,000.00, the kilometer price is UGX3,000.00. For standing and waiting time, UGX6,000.00 is charged per hour.

How Much Does A Taxi Make A Day In Uganda?

On average a taxi makes between UGX 100,000 and UGX 150,000 a day. On this amount the owner of the vehicle gets between UGX 60,000 and UGX 90,000 depending on the condition of the car and the route on which it is.

How Much Is A Taxi From Entebbe To Kampala Uganda?

The price for a taxi to or from Entebbe is approximately 15,000 UGX. A taxi from Kampala Entebbe Airport to the centre of Kampala costs 110,000 UGX. You can recognise official taxis by the yellow colour and black letters “AIRPORT TAXI”.

How Much Do Taxi Owners Make In Uganda?

A person working as a Taxi Driver in Uganda typically earns around 798,000 UGX per month. Salaries range from 367,000 UGX (lowest) to 1,270,000 UGX (highest).

How Can I Get Vehicle Loan In Uganda?

Both the applicant and surety provider should b nominal members of the bank. Any one of them should produce his salary certificate or IT returns with 3 years Balance sheet. Maximum UGX 22786068.00 or 80% of Vehicle invoice value, Road Tax, Insurance , whichever is less for 2 Wheelers.