| Interest Rate | 9% |
| Duration | From 7 Days |
| Access Level | Public |
| Company Name | MTN MoPesa |
| Phone 1 | |
| Phone 2 | |
| Website or Store | https://www.mtn.co.ug/momo/mopesa/ |
| Address | |
| Category | Safe Loan |
| Company Email | |
| Views | 93 |
Step by step guide to break free from loan apps
About MTN MoPesa
Looking for a seamless way to save money and access instant loans in Uganda? MTN MoPesa is the perfect 2-in-1 financial solution designed exclusively for MTN Mobile Money customers. Whether you want to grow your savings or get quick, affordable loans, MTN MoPesa offers a hassle-free, secure, and convenient way to manage your finances—right from your mobile phone!
Why Choose MTN MoPesa?
MTN MoPesa combines two powerful financial services:
Savings Account – Grow your money with flexible savings options.
Instant Loans – Get fast, paperless loans directly to your Mobile Money wallet.
No more long queues, paperwork, or delays—just quick, secure, and efficient financial management at your fingertips!
Key Features of MTN MoPesa
1. Savings Account – Grow Your Money Effortlessly
📞 USSD Code: *165*45#
✔ Flexible Savings Options:
Regular Savings Account – Save anytime with as little as UGX 500.
Fixed Deposit Account – Earn higher interest by locking in your savings for a fixed period.
✔ Automated Savings:
Set up daily, weekly, or monthly automatic transfers from your Mobile Money wallet.
✔ Earn Competitive Interest:
3% per annum (interest applied daily, paid monthly).
✔ Easy Access & Tracking:
Move money between your Mobile Money wallet & Savings Account instantly.
Check your balance anytime via USSD.
2. Instant MoPesa Loans – Quick Cash When You Need It
📞 USSD Code: *165*45#
✔ Instant Approval & Disbursement:
Loans are credited directly to your Mobile Money wallet within seconds.
✔ Flexible Loan Usage:
Use funds for sending money, buying airtime, paying bills, school fees, MoMoPay, and more!
✔ Convenient Repayment Options:
Repay partially or in full anytime.
Multiple loan requests allowed (subject to credit limit).
✔ Transparent Fees:
3 days: 2.5% fee
7 days: 5% fee
14 days: 7% fee
30 days: 9% fee
Late repayment: 10% late fee
Benefits of Using MTN MoPesa
✅ No Paperwork or Queues – Open a savings account or get a loan in seconds.
✅ 24/7 Access – Manage your finances anytime via USSD (*165*45#).
✅ Secure & Private – Only you can access your savings via your mobile device.
✅ Earn Interest on Savings – Grow your money effortlessly.
✅ Automated Savings – Build your savings without lifting a finger.
✅ Flexible Loan Repayment – Pay back at your convenience.
How to Get Started with MTN MoPesa
1. Open a Savings Account
📞 Dial *165*45# → Select "Savings" → Choose "MoPesa" → Start saving with just UGX 500!
2. Apply for an Instant Loan
📞 Dial *165*45# → Select "Loans" → Choose "MoPesa" → Enter desired amount → Receive funds instantly!
Final Thoughts: MTN MoPesa – Your Smart Financial Partner
MTN MoPesa is the ultimate financial tool for Ugandans who want easy savings and quick loans without the stress. Whether you're saving for the future or need emergency funds, MTN MoPesa gives you flexibility, security, and convenience—all in one place.
💡 Ready to take control of your finances? Dial *165*45# now and experience the power of MTN MoPesa!
🔹 Save Smarter. Borrow Easier. Bank Better with MTN MoPesa!
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:
- Unlicensed Money Lenders: Operating without a valid license from the Bank of Uganda can make contracts unenforceable under the Financial Institutions Act.
- 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.
- Fraud, Misrepresentation, or Coercion: Contracts obtained through deception, misleading statements, or threats can be voidable under the Contracts Act.
- 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.
- Lack of Written Agreement: While not strictly defined for all loan amounts, having a written contract is advisable for clarity and enforceability.
- Violation of Loan Tenure & Repayment Rules: Contracts that violate guidelines set by the Bank of Uganda or relevant regulatory bodies may be challenged.
- Duress or Undue Influence: Contracts signed under threats, blackmail, or undue influence are invalid under Ugandan Contract Law.
- 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.
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