MTN Mobile Money (CBA Uganda)
Quick Access Mobile Money Loan
MoKash is a 30-day microloan accessible via USSD code 1655#. While it offers instant access to funds, be aware that the 9% facility fee for 30 days equates to approximately 117% APR when annualized.
MTN MoKash Loan is a short-term microloan product offered through MTN Mobile Money in partnership with Commercial Bank of Africa (CBA) Uganda. It provides instant access to small loans directly through your mobile phone, with funds disbursed immediately to your MTN Mobile Money wallet.
The product is designed for emergency financial needs and short-term cash flow gaps. It requires users to first save in a MoKash account before becoming eligible for loans.
Interest Rate
9% one-off facility fee for 30 days (~117% APR)
Loan Amount
UGX 3,000 - 1,000,000 (based on usage history)
Loan Tenure
30 days (additional 9% fee if extended another 30 days)
Processing Time
Instant approval and disbursement
Customer Care
100 (Toll-free from MTN)
Alternative Number
0312 120 000
Use our calculator to estimate your total repayment amount for an MTN MoKash loan.
Monthly Payment
USh 0
Total Interest
USh 0
Total Payment
USh 0
This calculator provides estimates only. Actual loan terms may vary based on credit history, additional fees, and lender policies.
Note: This calculator provides an estimate based on the 9% facility fee for a 30-day loan. Actual amounts may vary.
Before taking a high-interest mobile money loan, consider these alternatives that may offer better terms:
If you have a regular salary, bank salary loans typically offer much lower interest rates (16-18% p.a.) and longer repayment periods.
View Bank Salary LoansSavings and Credit Cooperatives (SACCOs) often provide loans at competitive rates to members who have been saving with them.
Explore SACCOsSome employers offer salary advances or emergency loans to employees at low or no interest, which can be a better option for short-term needs.