| Interest Rate | 30% |
| Duration | From 7 Days |
| Access Level | Public |
| Company Name | Ukash loans |
| Phone 1 | |
| Phone 2 | |
| Website or Store | ukash.com |
| Address | TECH BUZZ HUB BUILDING, 1st Floor, Room No. 2, Ntinda, P.O. Box 112837, Kampala |
| Category | Dangerous Loan |
| Company Email | ukashsupport@gmail.com |
| Views | 67 |
Do you need money to address personal needs but only have a mobile phone? Try using the Ukash online loan application – a smart financial solution in Uganda.
Ukash promises to deliver quick, flexible, transparent, and beneficial services to its customers. Let the app help you address your financial needs safely and effectively with loans up to UGX 500,000.
Outstanding Advantages of Ukash
Quick and Easy Registration: Your loan is just a few taps away. Register in minutes, get approved in seconds.
Capital for Various Needs: Whether you need capital to grow your business or handle urgent cash needs, Ukash is the right choice for you at any time.
No Hidden Fees: The app has no hidden fees and no complex terms, guaranteeing transparency at every step of the borrowing and repayment process.
Special Offers: Special offer for new customers with a 0% interest rate on the first loan and many other promotional programs.
Example Loan Calculation
If you borrow 200,000 UGX from Ukash App for 90 days, here's how much you will repay:
Loan Amount: 200,000 UGX
Loan Term: 90 days
Interest Rate: 12%
Service Fee: 1%
Total Fee: 200,000 UGX * (12% + 1%) = 26,000 UGX
Total Repayment Amount: 200,000 UGX + 26,000 UGX = 226,000 UGX
Lump-sum Repayment: You will repay 226,000 UGX after 90 days.
Requirements for Loan Applicants
To comfortably register and use the loan service at Ukash, you need to meet these simple conditions:
Be a citizen of Uganda
Be between 18 and 60 years old
Have a valid government-issued ID card
Use an internet-connected mobile phone
Download the Ukash APK/IOS app
Notes for Loan Applicants
Ukash is committed to providing the best loan experience for customers. However, to effectively use the application’s services, consider the following:
Ensure you have read and understood all terms in the loan agreement, including interest rates, repayment terms, and other fees.
Clearly determine the purpose of the loan to choose the appropriate loan product and increase the chances of getting the loan.
Evaluate and calculate details about income, monthly expenses, the loan amount needed, and repayment ability to make the right decision.
Repay the loan on time to avoid additional costs and maintain a good credit history for future loans.
Ukash App is a convenient and safe solution for those who need quick loans in Uganda. Registering and receiving loans is easy through the mobile app. Download the app today and take control of your financial needs with confidence and ease.
Expert Counsel
Loan apps might seem like an easy solution for quick cash, but they come with serious risks. Here are 10 essential tips to protect yourself when using online lending platforms:
- Brace for Aggressive Follow-ups if You're Late
Even a slight delay in repayment can trigger a barrage of messages, often on apps like WhatsApp. If these messages become overwhelming, consider blocking the sender to protect your peace of mind. - Resist Borrowing from Multiple Apps
Taking loans from different platforms to cover existing debts can lead to a deeper debt cycle. Avoid this approach to maintain financial control. - Beware of High Late Fees and Interest Rates
Missing payments can lead to daily interest charges that range from 5% to 7%, causing your debt to grow rapidly. Try to avoid missing deadlines to prevent accumulating excessive interest. - Only Download Apps from Official Stores
Stick to trusted sources like the Google Play Store when downloading loan apps. Unverified sites can compromise your privacy, exposing you to cyber risks. - Consider Safer Alternatives
Many loan apps are structured to trap users in cycles of debt, impacting financial stability and privacy. Seeking out more secure and traditional financial options can help avoid these pitfalls. - Watch for Short Repayment Periods
Some apps set repayment terms as short as 6 to 14 days, making it hard to repay on time and often leading to debt traps. Ensure you’re comfortable with the repayment schedule before borrowing. - Protect Your Privacy and Reputation
Loan apps sometimes contact family or friends to pressure borrowers, potentially harming your reputation. For some, this is reason enough to avoid these apps entirely. - Break the Borrowing Cycle
The best way to escape high-interest debt is to stop borrowing altogether. While it might be challenging initially, taking a break from these loans is essential for financial recovery. - Use Call-Blocking Apps Like Truecaller
Apps like Truecaller allow you to screen and block unwanted calls from lenders, helping to reduce stress from persistent calls and messages. - Report and Block Aggressive Contacts
If you receive abusive or threatening messages on platforms like WhatsApp, block the sender and report them to both WhatsApp and the app store to help protect others from similar harassment.
By following these guidelines, you can protect yourself from the risks of predatory loan apps and safeguard your financial well-being.
Join our Facebook Group
Reviews
Related Loans
.webp){kind=small}
Safely Report A Loan Shark
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.
