Business
I&M Bank chief executive Robin Bairstow said the loan repayment holiday is designed to give customers some breathing room during one of the busiest and most financially demanding times of the year.
I&M Bank Uganda is spreading cheer and easing financial burdens for its customers with a thoughtful and timely initiative.
Dubbed “Nyumirwa Break Time,” the campaign offers retail loan customers a repayment holiday, running from December 1, 2024, to February 28, 2025.
I&M Bank chief executive Robin Bairstow said the loan repayment holiday is designed to give customers some breathing room during one of the busiest and most financially demanding times of the year.
“I&M Bank is committed to supporting its customers during these challenging times by offering a loan repayment holiday, providing much-needed relief and flexibility, and helping them navigate the financial pressures of the festive season and the back-to- school period with greater ease,” Bairstow said.
With this offer, I&M Bank aims to reduce financial pressure on its customers, allowing them to focus on enjoying the holidays with family and friends without worrying about monthly loan repayments.
Under this campaign, eligible retail loan holders can pause their loan repayments for the duration of the holiday period.
This unique offer ensures that customers have more disposable income during the festive season to meet their needs, from travel expenses to holiday shopping, or simply to relax and rejuvenate.
The end-of-year festive season often comes with added financial obligations. From hosting family gatherings to fulfilling New Year’s resolutions, many individuals find themselves stretched thin.
I&M Bank’s loan repayment holiday is a thoughtful gesture that acknowledges these challenges and provides a practical solution.
During the campaign period, customers will be able to take out loans within the debt service ratio, with the existing interest rates applied to both new and existing customers.
