MaliGo-Personal Loans Online

MaliGo is a convenient mobile loan application designed to help eligible users access funds when they need financial support. Simply download the app, complete the online application. Once your application is approved, the loan funds will be transferred to your e-wallet.

Eligibility Requirements
Applicants must be citizens of Uganda.
Applicants must be between 18 and 60 years of age.

How to Apply for a Loan
1.Download and install the MaliGo app.
2.Register an account using your mobile phone number.
3.Submit the required personal and credit information to obtain your available credit limit.
4.Select your desired loan amount and submit your loan application. Upon approval, the funds will be sent to your e-wallet.
5.Repay your loan on time to maintain a positive credit history and potentially qualify for a higher credit limit in the future.

Loan details:
Loan Amount: UGX 10,000 – UGX 5,000,000
Loan Term: 91 – 365 days
Annual Percentage Rate (APR): 14% – 28%

Example of Loan Costs
For example, if you borrow UGX 10,000 for 365 days at an annual interest rate of 14%:
Loan Principal: UGX 10,000
Loan Term: 365 days
Annual Interest Rate: 14%
Total Interest: UGX 10,000×14%=UGX 1,400
Total Repayment Amount: UGX 10,000+UGX 1,400=UGX 11,400

Actual loan approval, available amounts, repayment terms, and applicable rates may vary depending on the applicant's assessment and the final loan agreement.