Have you ever searched for “Best loan apps in Uganda”? If you answered “yes”, then look no further because this article will answer your search query.
Loan apps are mobile applications that allow users to apply for, and receive loans through their mobile devices. Finding a reliable instant loan app in Uganda that doesn’t require collateral or paperwork can be a lifesaver in times of financial crisis.
Instant loan apps have gained a lot of popularity in Uganda due to their convenience, and accessibility. Whether you are looking to get a long-term or short-term loan, these instant loan apps are a good option.
25 Best Loan Apps in Uganda
1. Fido Uganda: Fido offers instant loans to individuals and small businesses in Uganda. The app is designed to provide short-term loans without the need for collateral. Fido is licensed and regulated by the Uganda Microfinance Regulatory Authority (UMRA). You can borrow from 40,000 to 600,000 UGX on the Fido app.
2. SweetLoan app: The SweetLoan app allows users to borrow varying amounts based on their creditworthiness. SweetLoan duration ranges from 90 to 365 days.
3. Azima Instant Loans: The Azima loan app offers Ugandans instant access to affordable and no security loans. You can easily loan up to UGX 200,000 with a 20% interest rate and pay back in 30 days.
4. NCBA Bank: The NCBA Bank which operates in Uganda, offers a range of financial products, including loan services. However, instead of a standalone “NCBA loan app,” the bank provides mobile banking and loan services through its broader digital platforms and partnership with mobile operators. One of the key products in Uganda associated with NCBA is MoKash, a service provided in partnership with MTN Uganda.
5. iPesa: The iPesa loan app offers fast loan approval with funds disbursed within minutes of approval. Users can choose from a range of loan amounts, with varying repayment periods, usually between a few days to months. The app requires minimal verification, typically just a valid ID and a mobile number linked to a mobile ,money account.
6. Kasente Instant Loan: The Kasente app allows users to borrow high loan amounts for business and personal use. By using the Kasente loan app frequently, you increase your loan limit and get higher amounts to help grow your business.
7. Smart Loans Uganda: Founded in 2014, offers short-term loans for unforeseen emergencies. The Smart Loan App allows users to get quick loans within 5 minutes
8. ManguCash: Mangu cash is a registered microfinance bank in Uganda. The Mangu Cash offers loans between UGX 60,000 and UGX 400,000 with an annual percentage interest rate between 15% and 52%. Their loan repayment period are 90-365 days.
9. Numida Business Loans: Numida is a Y Combinator backed company that provides working capital to African micro and small businesses. Instead of borrowing from informal lenders, micro and small businesses owners can download the Numida app, apply and receive business capital without paperwork. Numida interest rate on first loan ranges from 10% to 16% per month depending on users creditworthiness.
10.Soft Cash Loans: Soft Cash Loan app is designed to provide fast loan approvals, often within minutes, making it a good option for emergencies or urgent needs.
11. Trust Mobile Loans: The Trust Mobile Loan app allows users of Finance Trust Bank to access quick and instant loans. So, to apply for a quick loan on the Trust app, you must have been a user/client of Finance Trust Bank for a minimum of six months. If you meet their requirements, you can easily apply for a loan by dialing *224# on your mobile phone or download the Trust mobile app and apply on the app.
12. QuickSente: QuickSente is on a mission to make the Uganda lending process simple and transparent for everyone regardless of their credit history and financial background. QuickSente offers flexible loan limits ranging from UGX 60,000 to UGX 500,000. Interest rates range from 12% to 52% per annum, which are considered lower than the average market rates.
13. Ok Loan: The Ok Loan app provides a convenient way for users in Uganda to access short-term loans. They give out loans from UGX 60,000 to UGX 800,000 with a 16% to 45% interest rate.
14. Fair Credit: Fair Credit caters to employed individuals looking for a safe way to borrow.
15. Dove Cash: DoveCash makes access to loans easy and hassle-free. Dove cash offers Loans of UGX 50,000 to UGX 1000,000. APR is 16% to 45% and loan period is 91 days to 365 days.
16. FlyPesa Instant Loan: TFly Pasa – Is an app that provides a convenient and reliable way to access capital when needed without the need for a credit card, collateral or office visits. the loan amounts between UGX 60,000 to UGX 1000,000. APR is 16% to 32% and the loan term is 91 days to 365 days
17. Mara Instant Loan: Mara is an instant loan provider in Uganda, offering loan and credit services to individuals looking for personal or business loans. Whether you are looking for money to boost up your business or you want to borrow money to pay emergency bills such as electricity, water, or rent, Mara provides one of the best mobile loans in Uganda. The loan amount is UGX 100,000 to UGX 1000,000. The loan term is 90 to 365 days and APR is 24% to 56%
18. QuickLoan: QuickLoan is an online lending application in Uganda. The loan amount is UGX 30,000 to UGX 500,000. APR is 15% to 34% and the loan term is 91 days to 365 days
19. Sunlit Loan: Sunlit is a fast and hassle-free online loan app that puts money in your hands when you need it most. With loan amounts ranging from UGX 50,000 to UGX 1,000,000 and an annual interest rate of 14% to 32%, Sunlit Loan is the perfect solution for your financial needs.
20. Grizzy: Grizzly Cash is a loan service provider in Uganda, offering quick and secure borrowing solutions through a mobile application. With fast approval and a variety of loan products, it assists users in effectively addressing urgent financial situations. Grizzly cash safe loan offers loans of UGX 300,000 to UGX 3000,000. The APR is 12% to 36% and the monthly interest rate is 1% to 3%. the loan period is 120 days to 360 days
21. Ukash: Ukash is a mobile loan provider in Uganda, offering quick loans from UGX 50,000 to UGX 500,000 with low interest rates and no collateral required. The Ukash app offers 0.75% to 1% per Day Maximum annual interest rate of 36% Duration: 91 days (minimum) up to 365 days (maximum).
22. Zofi Cash: Zofi Cash is a digital financial platform taking care of employees’ financial emergencies before payday. Zofi is on a mission to make everyday payday. Through the Zofi app, salary earners have the opportunity to get everyday loans till they get paid in their workplaces.
23. MobizPay: Founded in 2019, the MobizPay app allows you to access personal and business loans from UGX 500 to UGX 3,000,000 in seconds, with an interest rate of 10%. This loan app can also be used to buy data and airtime, pay for a TV subscription, electricity, water, band light bill, and other bills.
23. Equity Eazy App: With the Equity Eazy loan app, you can get loans, send and receive money, pay for online transactions, and save money. The interest rate is very affordable and offers a flexible repayment time of 30 days. And you can borrow from UGX 1,000 up to UGX 3,000,000.
24. ManguCash: Owned by Volantis Company Limited, the ManguCash offers instant loans at an affordable interest rate of 12% for 180 days. To apply for the loan, you need to provide your mobile number and answer all the questions that will be asked.
25. Cente Mobile App: Cente mobile loan app is a product of Centenary Bank. With the Cente app, you can request a loan anytime; the minimum and maximum amount to borrow is UGX5,000 to UGX 5,000,000.
Conclusion
The above-listed loan apps in Uganda are just a few. There are more loan apps in Uganda open for people to take loans for their personal and business needs.
