In finance, a loan is the lending of money by one or more individuals, organizations, or other entities to other individuals, organizations etc. The recipient (i.e., the borrower) incurs a debt and is usually liable to pay interest on that debt until it is repaid as well as to repay the principal amount borrowed. List of Best Finance and Loan Apps in Uganda
The document evidencing the debt (e.g., a promissory note) will normally specify, among other things, the principal amount of money borrowed, the interest rate the lender is charging, and the date of repayment. A loan entails the reallocation of the subject asset(s) for a period of time, between the lender and the borrower.
The interest provides an incentive for the lender to engage in the loan. In a legal loan, each of these obligations and restrictions is enforced by contract, which can also place the borrower under additional restrictions known as loan covenants. Although this article focuses on monetary loans, in practice, any material object might be lent.
Acting as a provider of loans is one of the main activities of financial institutions such as banks and credit card companies. For other institutions, issuing of debt contracts such as bonds is a typical source of funding.
Here is a List of Best Finance and Loan Apps in Uganda
QuickSente makes it easy for people in Uganda to access a loan, anytime, anywhere. Complete our application in seconds and receive your loan straight into your bank- account. QuickSente is like a bank in your pocket, there for you at all times. Visit their website to learn more.
1. How can I get access to QuickSente loans?
OTheir lending platform can be accessed through Google Play. Open Google Play and search for “QuickSente” APP, then download and start to sign-up with your phone number.
You can also click on this link to download directly.
2. How do I change my personal details?
To edit your personal details, click “My Profile” and click “Upgrade Credit”
3. Which networks does QuickSente support?
In Uganda, they support MTN AIRTEL GLO AND 9mobile right now. they hope to expand their coverage in the near future.
4.Can I change my BVN number after I receive a loan?
Unfortunately, not. At QuickSente, they conform to the highest standards of data integrity. This means that you cannot change information that was previously used to process a successful loan application. You must double check the information before you click submit button.
5.Can I delete my account?
If you would like to discontinue your relationship with QuickSente, you may uninstall the APP.
Everyone can open a free account at Zofi Cash for instant salary advance loans as long as they are approved by their employers. Requirements for accessing the loans are as simple as getting registered at Zofi Cash mobile app and approval from employers.
Zofi Cash is a digital financial platform that seeks to revolutionize how and when salaried people get paid. 30 days is way too long to wait to get paid. Their goal is to make every day a payday for the hard-working Africans on the African continent. Loans are as big as the salary you get. That is if you are working.
You can download the Zoficash app on both Android and iOS to kickstart the loan application process.
Easy Mobile Loan Repayment is a service that enables EFC’s loan customers to pay loan installments on time with the convenience of using their mobile phones. This service is powered by Mobile Money and is available on both MTN and Airtel money networks.
MoKash is a service that provides customers the ability to save and borrow using their phones. Customers can save while earning an interest or take out short term loans at a reasonable fee. MTN Uganda launched MoKash a micro-savings and loans product that allows MTN Uganda customers to save and borrow money through their mobile phones while earning interest on money saved.
It was first launched in Uganda before airtel’s wewole. MoKash allows you to save money too, unlike airtel’s wewole which is limited to only borrowing. Airtel allows depositing money too, isn’t it also saving? It is, but with MoKash, the money you save there is treated differently from the money from your Mobile Money account. How? Your balance on your Mobile Money account does not include the money on your MoKash savings account.
Platinum credit delivers cash in 24 hours with minimum procedure and speedy loans processing. Its products are Civil Servant Loans; Logbook Finance Loans; Private Sector Loans and the latest SME Loans.
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It launched an electronic loan application process through the USSD platform integrated with Mobile Money using code *249#. This is to ensure that their customers receive the money within 60 seconds to meet their emergency needs.
Centemobile from Centenary bank is a mobile banking platform that enables you to transact and access banking services using your mobile phone or device anywhere, anytime as long as there is network coverage. You can acquire a loan instantly at your convenience.
Mangucash makes it easy for people in Uganda to access a loan, anytime, anywhere. Complete our application in seconds and receive your loan straight into your bank- account. Mangucash is like a bank in your pocket, there for you at all times. Visit their website to learn more. Mangucash has office in Kampala, Uganda.
If you have any questions, you can email us on firstname.lastname@example.org with your registered phone number in the subject. We will reply to your questions as soon as possible.
For complaints, please contact us through the email address: email@example.com Phone: +256741241337 and for support or help please contact their customer service email: firstname.lastname@example.org Phone: +256776913124, WhatsApp +256740032364
What is iSente? iSente makes it easy for people in Uganda to access a loan, anytime, anywhere. Complete application in seconds and receive your loan straight into your bank- account. iSente is like a bank in your pocket, there for you at all times.
MTN MoMo offers a sustainable and profitable business model where everyone in MoMo value chain makes a living from MoMo Master agents, distributors and street MoMo agents who take MoMo products and services to the last mile.
SC Mobile Uganda
The SC Mobile app gives you the freedom and time to apply for new bank accounts from the comfort of your home, office or on the go. We’re helping you Bank anytime, anywhere with iPhone and Android mobile banking apps. For Mobile Banking Account Opening application, all we need is you and your mobile.
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For Professional Accounts, the minimum deposit is USD 200. Please note: regional differences can apply to minimum deposits for certain Pro accounts, so it is always advised to confirm your minimum deposit based on your region as well
Simply apply for a fast and convenient business loan through the app and receive funds over mobile money in under 72 hours, no security required. Numida uses proprietary credit models and tech-enabled underwriting workflows to provide unsecured working capital loans to semiformal African micro-businesses. Business owners download their Android app, apply for a loan in minutes and are approved within a day. The iOS app is underway, we’ll update you when that happens.
Safety starts with understanding how developers collect and share your data. Data privacy and security practices may vary based on your use, region, and age. The developer provided this information and may update it over time.
The Eazzy Banking app is your ‘bank anywhere, anytime’. With Eazzy Banking, you can access all banking services; from sending money and paying for goods. Eazzy Banking app is one of the pioneer online banking products by Equity Bank. With the app, you can send money, pay for goods and services, access Eazzy Loans, check the status of your bank account, save money, and many more.
INTEREST AND FEES
Momo Loans : Loans range from USD 50 to USD 500 with repayment period of 100 to 270 days.
Interest ranges from 5% – 9% APR.
Processing Fee: Range from USD 1 – USD 5 one-time charge.
Minimum Annual Percentage Rate (APR) includes interests plus processing fee is:5%
Nssfgo App. Great App that makes your life easier. The fast and convenient way to save and watch your money grow, from anywhere at anytime. It makes NSSF Easy and Instant to access. It allows you to access your E-Statement and monitor your transactions at NSSF.
Are you a salaried employee in need of a quick cash bailout ahead of your paycheck?
Simply get a swift short-term loan with the PKASH loans app!
If you need emergency funds, you can rely on PKASH for a quick fix.
The process of applying for and receiving PKASH loans is very quick and simple.
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Looking for quick credit loans? KK Loans is a simple online ePlatform that brings to you financial freedom to your mobile phone. Instant Mobile Money
How to Apply
Download the KK Loans app
Fill out our quick loan application with the exact loan amount that you need
Receive your cash instantly after the approval to your M-Pesa or other mobile wallet.
💰 Minimum and maximum period for repayment, Maximum Annual Percentage Rate (APR), a representative example of the total cost of the loan, including all applicable fees the loan subject and fees are as follows :
1. Total Loan amount : ₹ 1,000 – ₹ 10,000
2. Minimum period for repayment : 61 days
3. maximum period for repayment : 365 days
L-Pesa Microfinance allows you to access loans anytime, anywhere. Sign up in seconds, apply for a loan and receive your money straight to your account. It’s a fast, convenient and reliable way to access credit when you need it.
Get your loan right to your mobile money account, like MTN-Uganda or Airtel-Uganda.
How Do I get started?
Download the App
Register and complete KYC
MCASH is a Financial technology company with a vision to transform the lives of all people by providing financial services to the last mile.
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