Longer Repayment, More Flexibility: Stanbic Uganda Expands Supa Dupa Loan Tenors
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Stanbic Bank Uganda has extended repayment periods for its unsecured personal and business loans from seven years to 10 years under the Supa Dupa Lending Campaign, offering borrowers reduced monthly installments and greater flexibility.
The change applies to facilities of up to UGX 350 million ($92,000) and is aimed at easing repayment pressures for both households and businesses, the lender said Thursday.
“For many Ugandans, juggling monthly financial commitments—especially with school fees, household expenses, and business needs—can be a significant challenge,” Israel Arinaitwe, Head of Personal Banking, said in a statement.
“By extending the unsecured loan repayment period to 10 years, we are easing the monthly burden, enabling our customers to better manage their cash flow. This added flexibility also creates room for them to top up existing facilities, addressing immediate financial priorities without strain.”
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Melissa Nyakwera, Head of Commercial Banking, said the move also benefits companies and institutions. “Our commercial clients play a crucial role in Uganda’s economic landscape,” she said.
“With this new unsecured loan structure, businesses can access larger facilities with more manageable repayments over a longer period. This means enhanced liquidity to support operations, invest in infrastructure, or manage school fees and salaries ahead of the new academic term.”
“The Supa Dupa campaign reflects our deep commitment to partnering with businesses and communities to fuel sustainable growth.”
The Supa Dupa Lending Campaign offers borrowers unsecured loans repayable over as long as 120 months. Customers who use digital platforms including FlexiPay, agent banking, and the *290# USSD code to make transactions will be eligible for cashback rewards of up to UGX 200,000, according to the bank.
Stanbic Uganda expanded Supa Dupa loan tenors as part of efforts to adjust lending terms for financially stretched clients. The extension forms part of the ongoing Supa Dupa campaign, which targets both salaried and commercial borrowers.
Jefferson Wachira is a writer at Africa Digest News, specializing in banking and finance trends, and their impact on African economies.
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