In November 1949 a group of high school students become interested in basketball and staged two friendly matches.

That same year two basketball teams were formed: one at the City Gymnastic Society, and the other at the Sports Association "Prvi partizan".

In January 1958, a traditional basketball tournament was organized by the Crvena zvezda, the Sloboda players showed a great interest.

In the season 2009–10 the club competed in the Serbian League, but they agreed with the Mašinac to replace rank because of difficult financial situation in Kraljevo.

[1] In its debut season in top flight men's basketball competition in Serbia, Sloboda has been ranked 9th, with 12 wins and 14 defeats.

[3] In 2013 Sloboda had increased its reputation when club history reachd the 2013 Radivoj Korać Cup quarterfinal contesting the Serbian powerhouse Partizan.

The Veliki Park Sports Hall is a multi-purpose indoor arena located in Užice and it has a capacity of 2,200 seats.