A small loan is a cash advance that can be as much as Ush. 2 Million. They are usually repaid within a one to two months, and the application process takes just a few minutes. Small loans can be used to pay for unexpected expenses that require fast access to small amounts of cash.
Our loans are issues with a 1 month term at an interest of 20%. You can calculate the loan payment amount and the interest using the the calculator on this page. Calculate the following:
Total Repayment = Amount Requested x 1.2
Interest = Amount Requested x 0.2
You can leave a valuable item in our possession and we can always instantly advance cash whenever you need it.
- National ID
- A reasonable income source
- A security item
- Employment ID if available
This loan process is 80% automated and 20% manual assessment of credit worthiness
Summary of the Terms:
- One Month Term
- Security 4 times the value of the loan
- If unable to make payment at the payment due date, simply pay the interest and get a month extension with same terms.
- A loan can only be extended for a maximum of 6 Months.
Your security can only be used to recover the loan if you are unable to pay the interest at any end of month due date or the entire loan after six months.
- Loan recovery is done fairly by remitting the balance back to you.
- Fill the online Application Form and attach all the required document.
- You will immediately receive the agreement via email or on submission success page.
- Attach the signed agreement using the link within the received email
- Analysing your documents
- Physical inspection of security and other verification.