Azima Loans - Loan Shark Review
Interest Rate 30%
Duration From 30 Days
Access Level Public
Company Name Azima Loans Uganda
Phone 1
Phone 2
Website or Store
Address
Category Mild Loan
Company Email
Views 121

Step by step guide to break free from loan apps


About Azima Loans

Get Quick Cash with Azima – Fast, Secure & Transparent Loans

Stuck in a financial emergency? Azima Loans Uganda provides instant micro-loans to help you cover urgent expenses without stress! Whether it's for medical bills, school fees, business needs, or unexpected costs, Azima offers a simple, paperless loan process with funds disbursed directly to your mobile money account.

Why Choose Azima for Quick Loans in Uganda?

Fast & Easy Application – Get approved in minutes, no paperwork!
Flexible Repayment – Choose terms from 61 to 180 days.
Transparent Pricing – No hidden fees; only a small processing fee of UGX 2,000.
Inclusive Financial Access – Designed for the financially underserved.

How Azima Loans Work – Simple Steps

Download the Azima App – Available on the Google Play Store.

Register & Apply – Fill in basic details for verification.

Get Approved Instantly – Quick review process.

Receive Funds – Money sent straight to your mobile money account.

Repay with Ease – Flexible repayment options via mobile money.

Loan Example & Cost Breakdown

Loan Amount: UGX 50,000

Loan Term: 61 days

APR: 240% (20% per 30 days)

Total Interest: UGX 20,000 (40% of principal)

Processing Fee: UGX 2,000

Cash Received: UGX 48,000

Total Repayment: UGX 70,000

Who Qualifies for an Azima Loan?

Ugandan resident
Valid mobile money account
18+ years old

Your Data Security Matters

Azima prioritizes privacy and data protection. Your personal information is never shared without consent. We comply with strict data policies to ensure your details remain secure.

📜 Loan Terms & Conditions: https://azima.app/terms-of-service/
🔒 Data Collection Policy: https://azima.app/data-collection-policy/

Join Our Financial Revolution!

💬 Need help or have questions? Join our Telegram community for expert financial tips and support.

🚀 Don’t let financial struggles hold you back—Apply for an Azima Loan today


Expert Counsel

Loan Agreements in Uganda: Understanding Your Rights

Under Ugandan law, loan agreements can be deemed invalid or unenforceable in certain situations. These include:

  1. Unlicensed Money Lenders: Operating without a valid license from the Bank of Uganda can make contracts unenforceable under the Financial Institutions Act.
  2. Excessive Interest Rates or Hidden Fees: Contracts with unconscionable terms may be unenforceable under consumer protection laws, as regulated by the Uganda Microfinance Regulatory Authority (UMRA) for Tier 4 microfinance institutions.
  3. Fraud, Misrepresentation, or Coercion: Contracts obtained through deception, misleading statements, or threats can be voidable under the Contracts Act.
  4. Breach of Privacy & Harassment: Loan apps that invade borrowers' privacy or engage in harassment may have contracts that can be challenged as invalid under the Data Protection and Privacy Act.
  5. Lack of Written Agreement: While not strictly defined for all loan amounts, having a written contract is advisable for clarity and enforceability.
  6. Violation of Loan Tenure & Repayment Rules: Contracts that violate guidelines set by the Bank of Uganda or relevant regulatory bodies may be challenged.
  7. Duress or Undue Influence: Contracts signed under threats, blackmail, or undue influence are invalid under Ugandan Contract Law.
  8. Lending to Minors: Loan contracts with individuals under 18 years old may be void or voidable, depending on the circumstances, under the Contracts Act and the Children's Act.

Understanding these points can help borrowers navigate loan agreements and protect their rights in Uganda. Borrowers are advised to seek legal counsel or financial advice when entering into loan agreements.




Join our Facebook Group



Reviews

    Safely Report A Loan Shark

    If you have borrowed from a loan shark or are worried about someone else, we’re here to help and keep you safe. Learn how to break free from their grasp.

    Get help now