Compare loans from banks, SACCOs, mobile money providers, and fintechs to find the best option for your needs.
16% flat rate
USh 150,000 - USh 350,000,000
Tenure: Up to 96 months
18-26% reducing balance
USh 0 - USh 500,000,000
Tenure: Up to 5 years (unsecured), Up to 10 years (secured)
16.5% flat
USh 200,000 - USh 250,000,000
Tenure: 2-72 months
9% one-off facility fee (30 days)
USh 3,000 - USh 1,000,000
Tenure: 30 days
2.4% per month (~28.799999999999997% p.a.)
USh 2,000,000 - USh 37,000,000
Tenure: 6-60 months
Compare loans with low, medium, and high interest rates from microfinance institutions, SACCOs, and money lenders.
Compare small, medium, and large loans from microfinance institutions, SACCOs, and money lenders.
Compare short-term, medium-term, and long-term loans from microfinance institutions, SACCOs, and money lenders.
Compare secured, unsecured, and guarantor loans from microfinance institutions, SACCOs, and money lenders.
Personal loans for various needs including emergencies, home improvements, medical expenses, and more.
Fast-track loans for urgent financial needs with minimal documentation and quick processing times.
Loans for starting a business, expanding operations, purchasing inventory, or managing cash flow.
Specialized loans for farmers, agricultural businesses, equipment purchase, and seasonal farming needs.
Quick loans for salaried employees, typically repaid through salary deductions over a short period.
Loans specifically designed to help parents and guardians pay for tuition and other educational expenses.
Loans for acquiring motorcycles (boda bodas) for personal use or business.
Long-term loans for buying, building, or renovating residential property with competitive interest rates.
Loans for purchasing new or used vehicles with flexible repayment terms and competitive rates.
Loans for acquiring business assets, equipment, machinery, and other capital investments.
Secured loans where your vehicle's logbook serves as collateral, allowing you to continue using your vehicle.
Specialized loans for purchasing smartphones and other mobile devices with flexible payment plans.
Instant loans available through mobile money platforms like MTN MoKash and other digital lending services.
Use our loan calculator to estimate your monthly repayments based on loan amount, interest rate, and tenure.
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.
Digital loan apps offer instant access to small loans through smartphone applications, with minimal documentation and quick approval processes.
Our comprehensive guide covers 25+ loan apps in Uganda, their interest rates, loan terms, and important warnings about potential risks.
~11-18% p.a. flat. E.g. Stanbic Salary ~16%, DFCU campaign ~16.5%. Home mortgages from banks are lower (~10-15% p.a.).
Extremely high when annualized. MTN MoKash charges 9% on a 30-day loan (≈117% APR); Airtel QuickLoan charges 1% per day (≈30% monthly).
High flat rates. Mogo logbook loans = 2.4%/mo (≈28.8% p.a.). Watu boda loans similar (≈2-3%/mo). Tugende's cash loan is 4.5%/mo (≈54% p.a.).
Very high flat rates. Example – UGAFODE micro loans ~51.4% p.a.; SME loans ~34-36%. Pride/FINCA group loans often 30-40% p.a. flat.
Short-term loans often carry huge effective APRs (hundreds of percent annualized). Unlicensed lenders ignore caps and levy steep late fees.
Borrowers may take new loans to repay old ones, especially when income is low. Financial literacy is limited, so many don't fully appreciate the cost of rollover fees.
While mobile loans increase access, they can burden vulnerable households if misused. UMRA (microfinance regulator) emphasizes that these loans should be for emergencies only.
Some customers face long waits at bank branches or complex paperwork for traditional loans. Conversely, mobile loans lack personal guidance.
Choosing the right loan depends on your specific needs, financial situation, and goals. Here's a guide to help you understand the different types of loans available in Uganda.
Unsecured loans that don't require collateral, typically with higher interest rates than secured loans.
Secured loans specifically for purchasing vehicles, using the car as collateral.
Long-term loans secured by real estate property, offering the lowest interest rates among consumer loans.
Small, short-term loans accessed directly through mobile money platforms like MTN MoMo and Airtel Money.
Secured loans where you use your vehicle's logbook as collateral while continuing to use the vehicle.
Very short-term, small loans offered through smartphone apps and digital platforms.
Warning:
Be cautious with digital quick loans as they can lead to debt cycles if not managed properly due to their high interest rates.