Looking for quick and trusted loans in Uganda? MoPesa Loans Uganda is one of the most reliable and convenient instant loan services offered by MTN Uganda, in partnership with KCB Bank Uganda. With just a few clicks on your phone, you can borrow money instantly and receive it directly into your MTN Mobile Money (MoMo) wallet.
In this detailed guide, we explain how MoPesa works, loan limits, interest rates, repayment terms, benefits, and other legit online loan options in Uganda to consider.
🏦 What Is MoPesa Uganda?
MoPesa is a mobile savings and loan product available to MTN Uganda users. It allows customers to save money safely and borrow instantly using their mobile phones.
The service is powered by MTN Mobile Money in partnership with KCB Bank Uganda, ensuring reliability, transparency, and compliance with Uganda’s financial regulations.
📱 How to Get Started with MoPesa Loans Uganda
Follow these simple steps to apply for a MoPesa Loan via USSD:
- Ensure you have an active MTN SIM card and are registered for MTN Mobile Money (MoMo).
- Dial
*165*45#on your mobile phone. - Select “Loans” from the menu.
- Choose “MoPesa” to request a loan.
- Follow the on-screen prompts to enter your desired loan amount and repayment duration.
- Once approved, your loan is instantly sent to your MTN MoMo wallet.
💡 Tip: Always check your repayment date and total payable amount before confirming your loan.
💰 MoPesa Loan Fees and Terms
Below is a breakdown of MoPesa loan fees and repayment durations in Uganda:
| Loan Duration | Access Fee (Interest) | Example (UGX 100,000 Loan) |
|---|---|---|
| 3 days | 2.5% | 102,500 total repayment |
| 7 days | 5% | 105,000 total repayment |
| 14 days | 7% | 107,000 total repayment |
| 30 days | 9% | 109,000 total repayment |
- Loan limits: UGX 5,000 – UGX 3,000,000 (based on savings and repayment history).
- Late repayment penalty: ~10% additional charge.
- Disbursement: Instant to MTN MoMo wallet.
✅ MoPesa offers flexible short-term loans suitable for emergencies, business top-ups, or personal use.
🌟 Benefits of MoPesa Loans Uganda
- Instant disbursement: Receive money directly into your MTN Mobile Money account.
- No paperwork: 100% digital, no need to visit a bank.
- Flexible repayment: Choose repayment terms between 3 and 30 days.
- Save and grow your limit: The more you save with MoPesa, the higher your future loan limit.
- Trusted and secure: Backed by MTN Uganda and KCB Bank Uganda.
⚠️ Things to Know Before Applying
- MoPesa fees are charged as one-time access fees, not daily rates.
- Avoid defaulting, as late repayment attracts penalties and affects your credit score.
- Only use the official USSD code
*165*45#— beware of fake links or unofficial loan apps pretending to be MoPesa.
📊 Other Notable Online Loans in Uganda
Here’s a summary of popular and legitimate online and mobile loan providers in Uganda that you can also explore:
| Loan Provider | Access Method | Loan Range (UGX) | Repayment Period & Fees | Highlights |
|---|---|---|---|---|
| MTN MoPesa (KCB Bank) | *165*45# | 5,000 – 3,000,000 | 3d–30d (2.5%–9%) | Instant MoMo loans, savings-linked |
| FINCA Mobile Loan | USSD / FINCA App | 20,000 – 500,000 | Short-term | Reliable loans for FINCA clients |
| M-KOPA Credit | M-KOPA app | Varies | Flexible plans | Device financing and small business credit |
| FunaLoan Uganda | Android App | 20,000 – 1,000,000 | 30–180 days | App-based digital lender |
| Zenka, EasyPesa, CashMate | Mobile Apps | 10,000 – 2,000,000 | Short-term | Fast approval, MoMo disbursement |
✅ All the above lenders are known to disburse via MTN or Airtel Money wallets — always verify legitimacy before applying.
💡 How to Choose the Best Online Loan in Uganda
When comparing mobile lenders in Uganda, consider the following:
- Check total repayment cost — Convert fees to APR to compare fairly.
- Confirm lender legitimacy — Choose banks, telecoms, or CB-licensed partners.
- Compare flexibility — Look for loan extensions or grace periods.
- Read reviews — Check app store ratings and user feedback.
- Protect your data — Never share PINs or personal info outside official channels.
✅ Final Thoughts: Is MoPesa Loan Uganda Worth It?
Yes. MoPesa Loans Uganda is a legit and trusted instant loan service backed by MTN Uganda and KCB Bank Uganda. It’s perfect for users seeking quick short-term credit without paperwork.
With simple access via *165*45#, flexible repayment terms, and transparent fees, MoPesa stands out as one of the best mobile loan solutions in Uganda today.