Debanc Credit Kampala is the leading centre for loans and quick solutions to financial needs. In a world that is so uncertain where financial needs race against our pockets, the one place to go to is Debanc Credit Kampala. This afternoon, we visited the offices of Debanc Credit to understand from management what makes them a place for anyone with financial needs to go to.
Our questions to management were as follows:
Monday Times: Good afternoon sir. Tell us a bit about Debanc Credit, so that our readers can be able to learn more about your services.
Management of Debanc Credit: We are a one stop centre for easy to get loans. We are proud of the fact that we offer timely, quick and affordable loans for everyone who is in need and meets basic requirements. We have helped people in all sorts of problems and who are expecting money in a short time but have no one to rescue them in this immediate time of need.
We have what we call the log book loan. This is one where you bring the log book of your car and we give you a loan. It is very popular amongst our customers because we do not detain your car. We allow you to drive it around as you pay.
Monday Times: So considering that there are other companies that provides loans, what makes you different from others?
Management of Debanc Credit: Well we have very good interest rates and exceptional good customer service. Our location is also very convenient and one does not need to go so far to find out. Our premises are secure such that when you borrow, you can move away without being worried about someone coming to steal your cash from you.
Now apart from those key attributes we have, we give you a loan on what we call a movable product, that is your car. You can bring your log book and keep driving your car as you pay. This is a game changer because other service providers do not trust their customers enough to leave them with their cars.
Our loans are dispensed very quickly and you can even get a loan in just thirty minutes, if you have all the requirements. Others take a lot of time and waste people’s time and are also not sensitive to people’s problems.
We are also liquid in the sense that we do not need to borrow from anyone to pay out to a borrower.
Monday Times: What are your opening and closing hours and days?
Management of Debanc Credit: We open from Monday to Friday, from 8am to 5pm. Someone can also call us to make an appointment.
Monday Times: What is the maximum amount one can borrow from Debanc Credit?
Management of Debanc Credit: You can borrow as much as you want as long as you meet the requirements.
Monday Times: What are the requirements for the loan?
Management of Debanc Credit: We require a passport photo, national identity card and the security that is land or car. For cars, we need an assessment fee of Uganda Shillings 100,000. We also need an original log book, a search fee of Uganda Shillings 50,000. If the security is land, we need the original title, and we need an assessment fee of Uganda Shillings 300,000. For all loans they need a guarantor (one person). Anyone someone knows can guarantee the loan on your behalf.
We also need to know where you stay, that is your residence.
Monday Times: What is the duration of the loan?
Management of Debanc Credit: We start from three months to a year (twelve months). Someone can get a loan for all this period.
Monday Times: Is Debanc registered to provide these financial services?
Management of Debanc Credit: Yes we are We are registered with the Uganda Microfinance Regulatory Authority and anyone can go straight to their office to confirm. This means we are fully authorised to offer these kind of loans.
Monday Times: What advice do you give someone who is getting a loan?
Management of Debanc Credit: We ask the reason for borrowing. If they reveal the truth, we give them advice accordingly. We strongly advice them not to misuse the loan or to divert it to other purposes different from the ones which it was borrowed for.
Monday Times: Where are you located?
Management of Debanc Credit: We are located in between Communications House and Christ the King Church. Portal Avenue Plot 7, and in the building we are in Suite G2.
Monday Times: What phone contacts do you use for business?
Management of Debanc Credit:
+256755430329/+256774719432/+256414666759
