A complete list of registered online money lenders in Uganda

If you are in Uganda and you need a quick online loan, you must use a legit money lender or company that will professionally help you finance all your needs without an overwhelming interest rate. So, we have decided to bring you some of the best and trusted credit providers on this list of registered online money lenders and companies in Uganda.

This week, we have been covering the realm of online credit apps and money lending. So, if you want to check out some of the trusted loan apps in Uganda, please check out our previous guide here. In case you still need more, then, you can check below for more options:

List of registered online money lenders in Uganda

1. Bank of Africa

Bank of Africa is one of the popular money lending banks on the internet you may want to consider in Uganda. There loan application process is seamless and you are guaranteed to a response within 48 hours. If you want to consider getting a lone with Bank of Africa, fill in this application from their website.

2. Finance Trust Bank

Another loan company on our list of registered online money lenders in Uganda is Finance Trust Bank. With their Trust Mobile loans, the bank lets you get a quick loan conveniently using your mobile phone. It is actually easy to access their instant loans. Simply dial *224# or download the Trust Mobile app and get a quick loan of up to USh 1,000,000 payable in 3 months.

3. Smart loans Uganda LTD

Smart loans Uganda LTD is one of the most legit and registered online loan companies and money leaders on our list. With their short term loans, transparency and affordability, Smart loan Uganda LTD helps everyone struggling to find a short term finance support.

4. Airtel Loans

Airtel, with its wewole quick loans is another trusted online loan provider on our list of registered online money lenders in Uganda. To access the Airtel loans in Uganda, you simply just have to dial *185*# >>> Select “Financial Services” >>> “Loans” >>> “Quick Loan.” You will be prompted to enter your Airtel Money PIN. After confirming your Airtel Money PIN, select “Opt in”

5. MTN Loans

MTN has two forms of loans you can opt in for. There is the XtraCash and the MoKash loans. In case you are in need of financial assistance, these loans are unbeatable. With MTN MoKash, you can access a loan between UGX 3,000 and up to UGX 1,000,000 depending on your loan limit with a 9% facilitation fee. You can learn more about MTN instant loans in Uganda from here.

6. FIDO Uganda

Fido empowers individuals and entrepreneurs to take advantage of opportunities in Africa through their quick loans in Uganda. With FIDO Uganda, you can get a loan to pay school fees, start a business, or to clear urgent bills like water and electricity. To learn more about FIDO loans, you can visit their website here.

7. KCB M-PESA

Through the KCB M-PESA loans, KCB bank provides one of the most accessible online loans in Uganda. And this is why they didn’t miss out on our list of registered online money lenders in Uganda. To get the instant MoPesa Loans, simply dial *165*45#. With the KCB loans, you can send money, buy airtime or bundles, pay bills, pay school fees, MoMoPay, and more.

Frequently Asked Questions

How much does it cost to get a money lending license in Uganda?

For a Money lending and savings institution, you will need up to UGX 195,000 to secure yourself a lending license to start operating in Uganda as an online registered money lender.

Who is the regulator of money lenders in Uganda?

The Uganda Microfinance Regulatory Authority (UMRA) is the body under the government responsible for regulating and supervising all Tier-4 micro finance institutions, money lenders, savings cooperatives and any money-lending institution with capital of less than USh500 million (US$140,000) in Uganda.