ManguCash Loan is an Android application that allows you to access loan products online. There is an option to apply directly from your phone and receive an answer without coming to a bank branch.
Registration
After installing the app, you need to go through the registration process using your phone number. Before starting, you have also to accept the identification process, which occurs using a passport, ID card or driver’s license to confirm your identity. It is important to note that ManguCash Loan requires Ugandan citizenship and to be between 20 and 60 years of age to make financial transactions.
Loan
The service provides access to credit and partially banking products. You can request your money online by submitting a template application. This allows you to complete all registration procedures online without visiting a branch. There is an option to get a loan up to 400 000 with a maximum period of 365 days. Furthermore, it is possible to obtain a quote for an annual rate that varies from 15 to 25 percent.
Moreover, you can repay the loan on time to improve your history. All approved money will be sent to your card, which you need to indicate in your personal account. It is worth noting that users’ personal data is confidential and is not shared without express permission.
Features
- there is an option to receive a loan based on an online application, just like in GR Loans;
- you can choose an available amount with a repayment period of up to 365 days;
- allows you to pay off debts in advance and improve your credit history;
- compatible with current Android versions;
- free to download and use.
