Ezee Credit - Your loan choice 1.4

Ezee Credit presents itself as a mobile lending application tailored to offer emergency loans for both individuals and businesses in Uganda. The app positions itself as a solution for those needing quick access to financial support, whether for business expansion or unforeseen emergencies.

Key features of Ezee Credit's loan products include:

• Generous loan amounts: Borrow up to UGX 1,000,000, accommodating various emergency funding needs.
• Flexible repayment terms: Repayment options range from a minimum of 90 days to a maximum of 360 days, allowing users to organize their repayment schedules with ease.
• Competitive APR: Max APR at 32% and min APR at 16%.

For instance, if an individual borrows UGX 50,000 with a repayment term of 121 days at an annual interest rate of 24%, the financial breakdown is as follows:

• Loan principal: UGX 50,000
• Tech Service Fee: UGX 3,890 (calculated as UGX 50,000*(24%/365)*121)
• Amount Received: UGX 46,110 (UGX 50,000 - UGX 3,890)
• Total repayment amount: UGX 50,000
• Repayment term: 121 days

The eligibility criteria for applying for a loan include:

• Ugandan citizens aged 18 and above
• Holders of valid national identification cards
• Individuals with stable income sources, including both employees and business owners

The application process requires the following:

• A valid national identification card
• Completion of KYC (Know Your Customer) and application forms
• Agreement to the terms and privacy policy within the app

To apply for a loan:

1. Download and install the mobile application.
2. Authorize data permissions.
3. Register using your MTN or Airtel phone number.
4. Input your personal information and submit the loan application.
5. If approved, the loan amount will be directly transferred to your account.

Ezee Credit emphasizes data security through robust measures such as HTTPS encryption, firewall protection, and anonymization techniques to ensure the protection of user information.

The customer service team is available to assist with inquiries Monday to Friday from 8:00 AM to 5:00 PM (excluding public holidays). For any concerns or questions, you can reach them at [email protected] or by visiting their office at Plot 1 Kanjokya Street, Kampala. Additional contact details include Customer Service: 746524306 and Office Website: ezeecredit.net.