Mercantile Credit Bank Limited (MCBL) is a Tier II financial Institution that has for over 30 years provided a premium banking experience to Ugandans through our wide range of products and services.
Our offices are located on Plot 8, Old Port Bell Road, Kampala Uganda.
We provide lending services, financial advisory, operating and finance leases and commercial banking.
We only have one branch located on Plot 8, Old Port Bell Road.
Brand new or used assets such as cars, buses, trucks, generators, medical equipment, manufacturing equipment, Institutional computers any other asset acceptable to MCBL.
Established businesses or individuals who can ably meet the agreed periodic repayments.
As low as shs 5 million to currently maximum of shs 1 billion.
The client (customer) identifies and it is verified by MCBL.
Keep and maintain the equipment in good working condition MCBL will make periodic supervisory visits;
Promptly make repayments as agreed and keep in touch;
Avoid modifying the equipment without the authorization of MCBL;
Avoid sale of the equipment or any component of the equipment.
Yes, depending on their capacity to meet repayments.
Can be monthly or structured according to the periodic flows of the customers funds.
Yes, and they will be welcome to become part of the MCBL family.
The leased asset works collateral. But client will be required to contribute between 20% to 30% of the cost of the asset. Additional security may be required.
After a month or an agreed period and after receiving the leased equipment.
Yes, but the customer should inform MCBL of the intention.
If you have any question, concern or query. Please send us a message and we will get back to you as soon as possible.