About Monifi

Looking for a fast, reliable, and licensed loan app in Uganda? Monifi offers instant personal loans ranging from 100,000 UGX to 500,000 UGX with flexible repayment terms. Whether you need funds for emergencies, business, or personal expenses, Monifi provides a secure and transparent borrowing experience.

Why Choose Monifi Loan App?

✅ Quick Disbursement – Get approved and receive funds in as little as 24 hours
✅ Low Interest Rates – Maximum APR of 24%, ensuring affordable repayments
✅ No Hidden Charges – Transparent fees with 0% transaction fees
✅ Secure & Licensed – Your personal data is encrypted and protected
✅ Flexible Loan Terms – Repay between 91 days to 365 days

Loan Details & Example Calculation

Loan Amount: 100,000 UGX – 500,000 UGX

Loan Term: 91 days (shortest) – 365 days (longest)

Maximum APR: 24%

Service Fee: 10% – 20% (depending on loan amount)

Third-Party Channel Fee: Applicable (varies by provider)

Transaction Fee: 0 UGX

Example Loan Breakdown:

If you borrow 50,000 UGX for 12 months (360 days) at 24% APR:

Total Interest: 50,000 × 24% = 12,000 UGX

Service Fee (10%): 50,000 × 10% = 5,000 UGX

Total Repayment: 50,000 + 12,000 + 5,000 = 67,000 UGX

Monthly Installment: 67,000 ÷ 12 = 5,583 UGX

Key Features of Monifi Loan App

✔ Fast Approval – Submit your application and get funds quickly
✔ Data Security – Encrypted personal information for safe transactions
✔ 24/7 Customer Support – Friendly assistance whenever you need it
✔ Easy Application – No collateral or lengthy paperwork required

Eligibility & Requirements

To qualify for a Monifi loan, you must:

Be a Ugandan citizen

Have an active phone number

Possess a valid government ID

Have a stable source of income

Be aged between 18 – 60 years

How to Apply for a Loan in 4 Simple Steps

1️⃣ Download & Register – Install Monifi app and sign up with your phone number
2️⃣ Fill Application – Provide necessary details and submit your loan request
3️⃣ Get Approved – Wait for fast verification (usually within 24 hours)
4️⃣ Receive Funds – Once approved, the money is disbursed directly to your account