About
QuickSente
Loan
Loan request
At least 18 years old or above Uganda Citizenship
Loan information
1. Loan amount: UGX60,000 - UGX 500,000 2. Loan period: 91 days - 365 days 3. Total rate (above): 12% - 52% (APR) 4. Interest fee: 0%
Example
If your loan amount is UGX160,000. Payment period is 180days, and the Service rate is 25%; the total fee should be UGX160,000 * 25% = UGX40,000. And the total repayment amount should be 160,000+160,000*25%=UGX200,000
Repayment Example
If you choose to make a one-time repayment, then you will make a one-time repayment of UGX200,000 after 180 days. If you choose to make monthly repayments, your monthly repayment amount will be UGX200,000/6 = UGX33,333.33
Fee Details
Loan principal: UGX160,000 (180 days) Loan fee(total fee of the loan): UGX40,000(=UGX160,000 * 50%(APR)/2) Total amount payable: UGX200,000(=160,000+160,000*50%/2) APR: 50%
