| Interest Rate | 30% |
| Duration | From 14 Days |
| Access Level | Public |
| Company Name | chungmanchun |
| Phone 1 | |
| Phone 2 | |
| Website or Store | https://www.cashmates.vip/ |
| Address | |
| Category | Mild Loan |
| Company Email | support@cashmates.vip |
| Views | 368 |
Step by step guide to break free from loan apps
About Cash Mates
Cash Mates is a Bank of Uganda-regulated mobile lending app offering emergency loans to individuals and businesses across Uganda. Whether you need funds for medical bills, school fees, or business expansion, Cash Mates provides quick, transparent, and flexible loans with competitive rates.
✅ BoU-Compliant | ✅ No Hidden Fees | ✅ 24/7 Application
Why Borrow with Cash Mates?
1️⃣ Generous Loan Amounts
UGX 30,000 – UGX 1,000,000
Perfect for emergencies, education, or business growth
2️⃣ Flexible Repayment Terms
91 to 365 days tenure
Choose daily, weekly, or monthly installments
3️⃣ Competitive Interest Rates (18%–30% APR)
Example Loan Calculation:
Loan: UGX 100,000
Term: 91 days
Interest (30% APR): UGX 7,479
Total Repayment: UGX 107,479
📌 No processing fees. No early repayment penalties.
Eligibility & Requirements
✔ Ugandan citizen (18+ years)
✔ Valid National ID
✔ Active mobile number (MTN/Airtel)
✔ Stable income source (Employment or business)
How to Apply in 5 Minutes
1️⃣ Download the Cash Mates app
2️⃣ Register with your phone number
3️⃣ Complete KYC verification
4️⃣ Select loan amount & term
5️⃣ Receive funds via Mobile Money
100% Secure & Transparent
🔒 Data Protection:
HTTPS encryption
Firewall-protected servers
Strict privacy compliance
⚠ Warning: Cash Mates never asks for phonebook access or threatens borrowers.
Expert Counsel
Loan Agreements in Uganda: Understanding Your Rights
Under Ugandan law, loan agreements can be deemed invalid or unenforceable in certain situations. These include:
- Unlicensed Money Lenders: Operating without a valid license from the Bank of Uganda can make contracts unenforceable under the Financial Institutions Act.
- Excessive Interest Rates or Hidden Fees: Contracts with unconscionable terms may be unenforceable under consumer protection laws, as regulated by the Uganda Microfinance Regulatory Authority (UMRA) for Tier 4 microfinance institutions.
- Fraud, Misrepresentation, or Coercion: Contracts obtained through deception, misleading statements, or threats can be voidable under the Contracts Act.
- Breach of Privacy & Harassment: Loan apps that invade borrowers' privacy or engage in harassment may have contracts that can be challenged as invalid under the Data Protection and Privacy Act.
- Lack of Written Agreement: While not strictly defined for all loan amounts, having a written contract is advisable for clarity and enforceability.
- Violation of Loan Tenure & Repayment Rules: Contracts that violate guidelines set by the Bank of Uganda or relevant regulatory bodies may be challenged.
- Duress or Undue Influence: Contracts signed under threats, blackmail, or undue influence are invalid under Ugandan Contract Law.
- Lending to Minors: Loan contracts with individuals under 18 years old may be void or voidable, depending on the circumstances, under the Contracts Act and the Children's Act.
Understanding these points can help borrowers navigate loan agreements and protect their rights in Uganda. Borrowers are advised to seek legal counsel or financial advice when entering into loan agreements.
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If you have borrowed from a loan shark or are worried about someone else, we’re here to help and keep you safe. Learn how to break free from their grasp.
