List Of Private Money Lenders in Uganda

List Of Private Money Lenders in Uganda

A money lender is someone who lends small amounts of money at a higher rate of interest. The reason for charging higher rates of interest is that the money lender faces a higher risk of default than normal banks due to various reasons.

List Of Private Money Lenders in Uganda

Smart Loans Uganda

Phone: +256 705 226775

Express loans Uganda

Phone: +256 770 718295

FREEDOM LENDERS LTD

Phone: +256 756 531284

STREET FINANCE UGANDA

Phone: +256 703 330531

Bayport Financial Services

Phone: +256 31 2264402

How To Start A Money Lending Business In Uganda

MTF Logistics Limited Quick Loans

Address: 8JWX+JRG, Kampala Road, Kampala, Uganda

Afroteller

Phone: +256 772 480699

Manifest Credit Solutions

Phone: +256 200 926125

GROWTHOPP ENTERPRISES LIMITED

Phone: +256 780 633154

Yetu Credit Finance

Phone: +256 701 287197

Unifi Uganda

Phone: +256 2024 09700

How much do money lenders charge in Uganda?

Hence loans are usually no more than 25% to 50% of the value of the security. Lenders are generally aware that the interest rates they charge are both illegal (that is, above the ceiling of the moneylenders act) and socially unpopular.

Are money lending Apps legal in Uganda?

An individual or Company incorporated in Uganda and carrying out money lending business can apply for a license.

The entity seeking a money lending license from the Authority must be a legal entity with an established office.

A licensee shall display the license at all the premises where money lending is transacted.

How To Apply For Student Loan In Uganda

To be Eligible for the First Year Students’ Loan, one should;

  1. Be a Ugandan Citizen.
  2. Be Admitted to a Private Chartered University or Public University or a listed Other Tertiary Institution in Uganda.
  3. Applicant must be pursuing any of HESFB’s approved STEM Programmes or Programmes approved under affirmative Action.

How Do I Apply For Student Loan Scheme?

You can apply for the interest free student loan under the Student Loan Scheme 2021 by getting the application form available at designated branches of mentioned banks or you can download the form by clicking on the button below.

How Can I Get Education Loan From Government?

The applicant must register and login to Vidya Lakshmi Portal and then fill-up the Common Education Loan Application Form (CELAF) by providing all the necessary details. CELAF is a single form which students can fill to apply for Educational Loan to multiple banks/schemes.

What Documents Are Needed To Apply For A Student Loan?

Proof of registration from an educational institution. Latest payslip of the person standing surety. Three months bank statements. Proof of university costs.

Can I Get Education Loan Without Parents?

It is to keep in mind that you get an education loan without a financial co-applicant but a primary co-applicant is mandatory for contact purposes only and their financial status will not be checked. Co-applicant should be of your first family i.e parents, parents in law, siblings, and spouse.