10 Mobile Loan Apps that Work in Uganda

Uganda's digital lending landscape has experienced significant growth, offering convenient financial solutions through mobile applications. However, it's crucial to choose licensed and legitimate platforms to avoid potential risks. Here are 10 mobile loan apps that operate in Uganda, along with their contact information.

Important Notice: Before using any mobile loan app, ensure it's licensed by the Uganda Microfinance Regulatory Authority (UMRA) or Bank of Uganda. Be cautious of high interest rates and read terms carefully.

1. Finance Trust Bank - Trust Mobile Loan

Finance Trust Bank offers one of the most established mobile loan services in Uganda through their Trust Mobile platform.

Loan Details:

• Loan Amount: Up to UGX 1,000,000
• Access Method: Dial *224# or download Trust Mobile app
• Processing: Virtually instant

Contact Information:

• Phone: 0751932900 / 0701932901
• Email: customercare@financetrust.co.ug
• Website: www.financetrust.co.ug

2. FINCA Uganda Mobile Loan

FINCA Uganda provides accessible mobile loans with flexible terms through their mobile platform.

Loan Details:

• Loan Amount: UGX 20,000 to UGX 500,000
• Access Method: USSD code *203# or FINCA mobile app
• Loan Tenure: From 1 month

Contact Information:

• Phone: +256 800262262
• Email: info@finca.ug
• Address: Plot 11 B, Acacia Avenue, Kololo, Kampala
• P.O. Box: 24450 Kampala, Uganda

3. Azima Instant Loans

Azima is a licensed digital lending platform that emphasizes regulatory compliance and customer trust.

Loan Details:

• Licensed by UMRA
• Certified by NITA-U
• Google Play rating: 4.3/5 stars

Contact Information:

• Website: www.azima.app
• Download: Available on Google Play Store
• Status: Licensed by Uganda Microfinance Regulatory Authority

4. Yetu Loans Uganda

Yetu Loans provides flexible loan solutions with no prior registration charges.

Loan Details:

• Loan Amount: UGX 50,000 to UGX 4,000,000
• Registration: No prior charges
• Access: Mobile phone platform

Contact Information:

• Website: www.yetu.co.ug
• Platform: Mobile-based application

5. UCredit

UCredit offers medium-term loans with competitive interest rates.

Loan Details:

• Loan Amount: UGX 100,000 to UGX 500,000
• APR: 12% - 24%
• Loan Period: 90 days - 365 days

Contact Information:

• Available through mobile app
• Search "UCredit" on app stores

6. Kasente Instant Loan

Kasente provides instant mobile loans with flexible terms.

Loan Details:

• Loan Amount: UGX 30,000 to UGX 1,000,000
• Loan Term: 91 days to 365 days
• APR: 25% to 250%

Contact Information:

• Available through mobile application
• Download from app stores

7. Airtel Quick Loan

Airtel Uganda partners with Housing Finance Bank to offer quick loan services.

Loan Details:

• Partnership: Airtel Uganda & Housing Finance Bank
• Loan Term: 15 days
• Application Fee: 2%
• Daily Interest: 1% per day

Contact Information:

• Access through Airtel mobile services
• Contact Airtel customer care: 100

8. Numida

Numida focuses on empowering African business owners with financial solutions.

Loan Details:

• Target: Business owners and entrepreneurs
• Goal: Empower 1 million African business owners by 2030

Contact Information:

• Website: Available online
• Focus: Business lending solutions

9. Platinum Credit Uganda

Established in 2002, Platinum Credit has been providing financial solutions for over two decades.

Loan Details:

• Founded: 2002 by Brett Sievwright
• Experience: Over 20 years in the market
• Service: Fast and convenient financial solutions

Contact Information:

• Search for Platinum Credit Uganda mobile app
• Established lending institution

10. Watu Simu Uganda

While primarily known for device financing, Watu also offers financial services in Uganda.

Loan Details:

• Specialization: Device financing and related services
• Part of Watu Africa network

Contact Information:

• Customer Care: 0800 202 777
• Website: watuafrica.com/watu-simu-uganda

Important Safety Tips

Before Applying for Any Mobile Loan:

1. Verify Licensing: Ensure the app is licensed by UMRA or Bank of Uganda
2. Read Terms Carefully: Understand interest rates, fees, and repayment terms
3. Check Reviews: Read user reviews and ratings before downloading
4. Protect Privacy: Be cautious about apps requesting excessive permissions
5. Avoid Over-borrowing: Only borrow what you can repay

Red Flags to Watch Out For:

• Unlicensed operators
• Extremely high interest rates
• Apps requesting access to contacts for debt collection
• Lack of clear terms and conditions
• No customer service contact information

Regulatory Information:

The Uganda Microfinance Regulatory Authority (UMRA) has identified numerous illegal lending apps operating in the country. Always verify the legitimacy of any loan app before providing personal information or borrowing money.

For complaints or verification of licensed institutions, contact:

• UMRA Website: umra.go.ug
• Bank of Uganda: www.bou.or.ug

Remember, while mobile loans provide convenient access to credit, they should be used responsibly. Always ensure you can meet repayment obligations before borrowing, and consider traditional banking options which may offer more favorable terms for larger amounts or longer-term needs.