The MpaCash is a user-friendly and trustworthy platform that provides a convenient way to access money whenever you need it. To apply for a loan through the MpaCash app, you will need the following:
1. A National ID Card
2. A mobile money account registered in your own name
3. The app accepts both MOMO and Airtel mobile money wallets
4. You must be a citizen of Uganda and over 18 years of age.
Here's how to apply:
Download the app and fill in your details just once.
Register using your personal information and apply in seconds.
If your application is approved, you will receive the loan directly into your mobile money account.
The MpaCash app allows you to apply for credit anytime and anywhere, as it operates 24/7. Once your loan is approved, you will receive the funds on your mobile device. The loan amount can range from UGX100,000 to UGX500,000, with repayment periods ranging from 91 days to 365 days. APR for the loan varies between 12% and 24%
For instance, for a 365-day loan with a UGX100,000, the APR is 20%.
Here are the detailed loan terms:
Loan sum (principal): UGX100,000
Total interest: UGX100,000*20%=UGX20,000
Total payment: UGX100,000+UGX20,000=UGX120,000
Total Payment Duration: 365 days
If you have any feedback, questions, or concerns, you can contact MpaCash through email at [email protected]. The address of their office is NP36C+XY, Katuba, Uganda
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