Have you ever felt helpless when in urgent need of money and had no idea where to conveniently and safely borrow it? QuickLoan – the loan application that helps you to not worry about financial matters in Uganda. The borrowing process is simple and fast, not only helping you easily solve financial issues, but also ensuring absolute security of personal information. With just a few simple steps on the application, your loan will quickly be transferred to your account. Let QuickLoan App help you overcome all financial difficulties in the most convenient way.
How to register and use QuickLoan
Step 1: Download the QuickLoan APK/IOS application from cashloanapp.net. After downloading, install it on your phone, the application is suitable for both Android and IOS operating systems.
Step 2: Enter your personal information and register on the application interface. Follow the instructions on the application.
Step 3: QuickLoan will ask you to take a photo for face recognition and upload a picture of your ID card for identity verification.
Step 4: The QuickLoan customer care team will verify your personal information. Step 5: Once your information is confirmed, the application will evaluate and approve the loan. Your loan will be disbursed into your bank account.
Note: If you haven’t received any notification within 24 hours, it means your registration has failed, and you may need to find another application.
Information about the terms and loans at QuickLoan
Conditions for borrowing on the app
- A valid, clear portrait photo and Uganda national ID card.
- Age between 18 and 60 is eligible for registering for a loan on the application.
- Possession of a bank account to receive money and a personal phone number for contact.
- Stable income, salary from employment, business, etc.
Information about the loan
- Loan amount ranges from UGX 30,000 to UGX 500,000.
- Loan tenure from 91 to 365 days.
- Minimum annual interest rate is 15%.
- Maximum annual interest rate is 34%.
- No transaction fee.
- Repayment is done in monthly installments.
Example for a loan
Let’s say you want to borrow 200,000 UGX with a loan tenure of 180 days and an interest rate of 20%. Here is how to calculate the details:
- Loan fee (calculated based on APR): 200,000 UGX * 20% / 2 = 20,000 UGX
- Total amount to be repaid: 200,000 UGX + 20,000 UGX = 220,000 UGX
- If you repay the loan once after 180 days, you will have to pay 220,000 UGX.
- The monthly repayment amount will be: 220,000 UGX / 6 = 36,666.67 UGX.
Advantages of QuickLoan App
Here are the advantages of the QuickLoan application, including:
- Simple personal information, no complexity.
- Absolute security of customers’ personal information.
- No need for the assessment of relatives, friends, or collateral assets or documents.
- No need to prove income, provide employment details, or position.
- Disbursement as soon as the successful registration notification is received.
- Completely 100% online on the phone through the application.
- Easy to register for a loan anytime, anywhere.
- QuickLoan is reputable, with publicly available and transparent policies and terms.
With these exceptional advantages, QuickLoan is not only the top choice for quick loans but also provides convenience and peace of mind for users.
Contact information and support for users
Here is the contact information for QuickLoan:
- Email: [email protected]
- Website: https://www.quickloan.ml
- Address: Namungodi Town council, Buhoya Road, Busia, Uganda.
If you have any questions, concerns, or need further support, please contact QuickLoan via the email or address provided. The application is always ready to support you in the quickest and most professional manner.
Frequently Asked Questions at QuickLoan
What is the interest rate of QuickLoan?
QuickLoan applies a maximum interest rate of 34% per annum, depending on the specific loan amount and tenure. Additionally, the application considers the customer’s credit score to provide favorable and reasonable interest rates.
What steps do I need to take to verify my identity?
To verify your identity, you need to capture and upload a facial recognition image and a national ID card as instructed on the application. Additionally, identity verification on QuickLoan requires you to provide employment information, workplace address, and more.
What is the maximum amount I can borrow?
At QuickLoan, you can borrow from UGX 30,000 to UGX 500,000, depending on your repayment capacity and loan conditions. However, if it’s your first time applying for a loan on the application, you can only apply for a maximum of UGX 80,000.
How long does the loan processing and disbursement take?
Typically, after your information is confirmed, the loan evaluation and approval process may take from 30 minutes to 2 hours. After that, the loan will be directly transferred to your bank account.
What documents do I need to prepare for the loan application?
To apply for a loan at QuickLoan, you need to prepare a valid national ID card, bank account information for receiving money, personal phone number, and install the application on your phone.
QuickLoan is a fast, convenient, and secure loan application in Uganda. The application has a simple process, does not require collateral, and eliminates the need for income verification procedures, bringing convenience and peace of mind to users. Additionally, with competitive interest rates and the ability for quick disbursement, QuickLoan App is the top choice for those in urgent financial situations. Download the application today to experience the best service.