Is ManguCash good for instant mobile loans
Online money lending and borrowing through mobile apps is on a high demand in Uganda. And one of the most famous mobile money lending apps in Uganda is ManguCash. But is it worth your time? Are their interest rates affordable? How is it better than other apps? We are going to answer these and other burning questions about ManguCash instant loans in Uganda and how you can benefit in downloading their mobile app in this review.
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To start with; Mangucash is one of the mostly used loan apps in Uganda for people who want to borrow money online and receive it quickly on their mobile money accounts. The app has gained popularity due to need for quick loans to pay for bills that cannot wait. But before you on to download the ManguCash app on your smartphone, here is what you must know.
7 Important things to know about ManguCash loan app
Here are the top talking points you should know to determine whether the ManguCash app is good for instant mobile money borrowing in Uganda.
| Loan limit | UGX 60,000 to UGX 400,000 |
| Repayment period | 90 days to 365 days |
| Interest rates | 15% and 52% |
| Loan Requirements | Download & install ManguCash app |
Where is ManguCash located in Uganda?
This instant mobile loan company is located along 5 Kafu, Rd Nakawa Business Park, Kampala, Uganda. You can also reach them by email through [email protected] or by mobile on +256776913124. If you need more information, you may also check out their official website.
Is Mangu cash registered in Uganda?
Yes, ManguCash is one of the registered and credible mobile money lenders in Uganda, authorized, legalized, and regulated financial institution in the Republic of Uganda. So if you are looking for a legit loan app in Uganda that works on both Android and iPhone, ManguCash is a great option.
What is the loan limit and repayment period offered by ManguCash?
When it comes to loan limits and ranges, ManguCash offers from UGX 60,000 to UGX 400,000, which is payable between 90 days and 365 days. That means, you have a full year to get your loan paid depending on the amount you borrowed.
What is the interest rate of ManguCash loan?
ManguCash charges an annual percentage rate ranging between 15% and 52% depending on the loan period. The company is transparent about their loan offering and there are no other hidden fees and prepayment penalties.
What makes ManguCash better than other loan apps in Uganda?
One thing that makes the ManguCash loan app the best option in Uganda is their ability to accept quick loan applications and offer instant loans immediately you need them. The loan application process is simple for and accessible to anyone with a smartphone, allowing customers to easily apply for a loan from the comfort of their own home.
How can I download the ManguCash loan app?
In case you want to download and install the ManguCash loan app in Uganda, you will simply follow these steps below for iPhone and Android users:
- Go to your phone and launch the app store or Google play store and search for “ManguCash.” Alternatively, for those that use Android gadgets, simply click here to download the app from Google play store.
- When the app appears in the results, simply click on the blue “install” button to download and install Mangucash app for Android and iPhone.
- Once the Mangucash app finally downloaded and installed on your phone, simply launch it, register your account.
- After registering and activating your Mangucash account, you can always login again to borrow instant credit, repay your loans, and manage your finances through your mobile app.
Does Mangucash give mobile money loans?
When you borrow a loan through your Mangucash loan app and the application is approved, your loan amount will be deposited directly to your Airtel or MTN mobile money account. You can always use this loan money to pay for bills, withdraw or send it to your loved ones.
How can I borrow money online through Mangucash mobile application?
To borrow money online through Mangucash, simply follow the steps below included in the process of loan application in Uganda:
- Fill out the online application with basic personal and financial information.
- Review loan offers and select the best one for your needs.
- Sign the loan agreement electronically and provide any additional information if required.
- Receive the funds directly into your bank account.
- Repay the loan according to the agreed upon terms.
What are the advantages & disadvantages of ManguCash loan app
| Pros | Cons |
| Offers instant loans Loan application is straightforward Long repayment period | High interest rate Collects User’s personal and financial information |
Editor’s Remark
We hope this guide has helped to answer your most burning question about Mangucash, an instant and easy loan app in Uganda. Remember that there many other loan apps in Uganda that work on Android and iPhone you may consider aside ManguCash. If you don’t know any, kindly check out our list of the available mobile credit apps in Uganda.
