BOA Tax Loan

Our Tax loan enables you to use your merchandise as collateral to obtain a loan to pay taxes for the specified consignment.

BOA Tax loan is a service you can enjoy if your goods are stuck at the Bond because you do not have the money to clear the taxes. Access to funds to clear your merchandise has now been made easy with the BOA Tax loan.

Our Tax loan enables you to use your merchandise as collateral to obtain a loan to pay taxes for the specified consignment.

Because our BOA Tax loan is so versatile, we give you the lumpsum amount you need to pay taxes and clear your goods faster.

  • Provide the relevant tax documents concerning your consignment. These documents will be assessed by the Bank appointed Collateral Manager.
  • Fill in the loan application form with the Collateral Manager.
  • Funds to clear the taxes will be paid directly to the tax authority (Uganda Revenue Authority)
  • Part of the goods will then be released to you to trade and enable you repay the loan.
  • Pay your taxes and clear your goods in a timely period.
  • Increase the turn around time of your goods by eliminating unnecessary delays.
  • Access financing with no extra security.
  • Interest rates are competitive, and are calculated on a reducing balance basis, making your monthly repayments manageable.
  • Early loan repayments are allowed with no penalty.
  • Formal Application stating the amount, purpose, tenor, source of repayment and proposed security.
  • Audited accounts for at least three financial years, prepared by a Certified Public Accountant, with an unqualified opinion.
  • Management Accounts for the most recent concluded month.
  • Projected Cash flows for the period of financing.
  • Valuation report for the property/ assets to be pledged as collateral.
  • Business Plan/ Updated Company/ Business profile.
  • Financial Card Number for the borrowing entity.
  • Any other information as may be requested by the Bank, depending on the nature of the request.
Apply for a BOA Tax Loan Now!