FAQs

For Borrower
For Investor

Frequently Asked Questions For Borrowers

Do I Qualify for a loan?

To qualify for a loan, you must be:

  • Be between 25 – 59 years old
  • Have a verifiable source of income
  • Live and / or work in Uganda.
  • Have a savings or current bank account with any commercial ban

How much can I borrow and for how long

You can borrow a minimum of 1,000,000/= and a maximum of 3,000,000/= depending on your monthly salary or income.

How do I apply for a loan?

Fill in the application on our website www.africapital.net or call 0752-600538 or 0776-539080

How long does it take to process the loan?

Your loan process can be completed in 24 hours provided all documents are valid & presented with your application.

What documents do you need?

A recent bank statement for the last three months, a National Identity Card, Passport Photo, appointment letter for your job. You scan and send to loans@africapital.net

How does AfriCash calculate my interest payable?

We use a Risk Based Pricing model which estimates the risk of lending to each applicant and prices accordingly.

How long can I pay back my loan?

We lend up to 3 months, you must pay back your loan within that time failure of which we shall charge you penal interest.

I receive my salary in cash, can I obtain a loan?

Yes, you can get a loan from us provided you provide a bank statement for the last 3 months where you bank your salary.

How do I pay my loan?

  1. Cash deposit or transfer into our bank account whose details shall be provided in the loan agreement.
  2. Mobile Money to 0752-600538 or 0776-539080
  3. Cheques: The cheques issued for payments will be presented to your bank on your due date. Please make sure you have enough funds to cover repayment.

Note: Cheques: If you don’t want your cheque to be presented and would prefer to pay via an alternative channel (cash deposit/transfer), please inform us by an email to loans@africapital.net at least 5 working days before your due date. This ensures that your cheque will not be presented.

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