Find microfinance institutions, SACCOs, and money lenders in Uganda based on their interest rates. Compare low, medium, and high interest rate options to find the best loan for your needs.
Find loans based on how much you need to borrow, from small to large amounts.
Find loans based on repayment periods, from short-term to long-term options.
Find loans based on collateral requirements, from secured to unsecured options.
Interest rates are one of the most important factors to consider when choosing a loan. They determine how much extra you'll pay on top of the principal amount you borrow.
Low interest rates (typically below 15% per annum) are generally offered by banks and some SACCOs to customers with good credit histories or valuable collateral. These loans cost less over time but may have stricter eligibility requirements.
Medium interest rates (between 15% and 30% per annum) are common among microfinance institutions and many SACCOs. These loans balance cost with accessibility and may be easier to qualify for than bank loans.
High interest rates (above 30% per annum) are typically charged by money lenders and some microfinance institutions. While these loans may be the most accessible, they can become very expensive over time and should be approached with caution.
Always compare the Annual Percentage Rate (APR) when possible, as this gives you the true cost of the loan including all fees and charges.