Loans at One-by-One SACCO

We offer a variety of loan products tailored to meet the diverse needs of our members. Whether you're looking to finance a personal project, expand your business, or purchase land, we have the right loan solutions to help you reach your financial goals.

One by One offers 5 types of loans;
  1. Ordinary Loans
  2. Investment Loans- medium term
  3. Investment loans- long term
  4. Emergency Loan
  5. School fees loan  

Ordinary Loans

  • Ordinary loan relates to a loan issued to a member based on the total savings and the 15 minimum shares or 10% of the loan in shares whichever is higher.  
  • The loan doesn’t exceed 75% his /her savings or shares or both. An ordinary loan is issued at an interest of 1.5% per month (18% pa).
  • Ordinary loans above 10mUGX (Ten million Uganda shillings) must be secured with a valid land title or a comprehensively insured car log book.  
  • To members with many shares, the loan issued must not exceed 65% of the total share capital and may require less guarantying.

Investment Loans - Medium term

  • An investment loan is where a substantial security for the loan is required. Substantial security shall include; Land Tittles with a valuer’s report and Motor vehicle log books that have comprehensive insurance cover. All security documents MUST be original documents.  
  • The investment loan is issued at an interest rate of 1.67% per month (20% pa) and one should have ugx.225,000in shares or 10% in shares of the loan applied for whichever is higher . This loan does not exceed 20m UGX (Twenty million Uganda shillings).
  • The maximum loan repayment period is 2 years(24 Months).

Investment Loans -Long Term

  • It bears all the conditions for medium term loans but only differs in amounts and the period taken. This type of loan is over and above 20m and the maximum repayment period is 3 years (36 months)

Emergency Loans

  • Fully secured with a land title whose 65% of the forced sale value covers total principle and interest.
  • Shares (Not more than 65% of the share holding)
  • Maximum repayment period: 3Months
  • Interest rate 5% per month reducing balance.
  • All the 5Cs of credit must be observed

School Fees Loan

  • Fully secured with a land title whose 65% of the forced sale value covers total principle and interest.
  • Shares (Not more than 65% of the share holding)
  • Maximum repayment period: 3Months
  • Interest rate 5% per month reducing balance.
  • All the 5Cs of credit must be observed

Applying for a loan with One-by-One SACCO is a simple process:

Choose the Loan Product


Download and Fill out the Loan Application Form

Submit form 


Loan Assessment and Approval


Receive Funds


We offer flexible repayment plans to accommodate your financial situation, ensuring you can manage your obligations comfortably.

Repaying your loan is straightforward and can be done through:

  • Monthly Installments: Set up automatic deductions from your account
  • Mobile Banking: Repay via our mobile app or online banking platform
  • SACCO Offices: Make payments in person at any branch

Additional Terms and Conditions

Note: The credit committee shall always set rules and regulations to govern loans which may change from time to time subject to the approval by the General Assembly of the members. All loans are on declining balance method.