Loangram

Description

Loangram is a lending app that serves salary earners in Uganda and is registered as a product of Loangram Finance Limited.

Registration requires a valid national ID and after that, our field team shall reach out to verify the information and particulars submitted.

Register through your Phone Number

Repay your loan with the Airtel or MTN phone number you signed up with, and the loan amount you applied.

Your account will then be activated with a certain limit that can be increased with your repayment behavior.

Loans can be accessed and paid via mobile money (MTN and Airtel)

Loan Application requirements:
• Above 18 years old
• Employed in Uganda
• Loan Period: 30 - 90 days

Loan Offer:
• Loan Amount varies based on your credit score
• Minimum repayment Period - 90 days
• Maximum repayment Period - 180 days
• Interest Rate: 0%
• APR: Min.15% - Max. 35%
• Loan Term: 91 - 365 days


• Example: If the loan amount is UGX160,000, the loan term is 180days, and the APR is 30%, the total service fee should be UGX160,000 * 30%/2 = UGX24,000. The total amount must be paid: 160,000+160,000*30%/2=UGX184000

For one-time repayment: Pay UGX184000 after 180 days.
For monthly repayment: your monthly repayment amount will be UGX184000/6 = UGX30,666.67

Loan principal: UGX160,000 (180 days)
Loan fee(total fee of the loan): UGX24000 (15% rate)
Total amount payable: UGX184000
APR: 30%