Mpola

Mpola makes borrowing fair and transparent. Submit one application and receive offers from participating licensed lenders across Uganda. Compare interest rates, repayment periods, fees, and repayment schedules before choosing an offer. WHY MPOLA • One application can receive multiple lender offers • Compare rates, costs, terms, and repayment schedules • Review all applicable charges before accepting an offer • Offers are provided by participating regulated lenders • Secure account access using supported biometric authentication • Approval, rates, and processing times depend on the lender and borrower eligibility HOW IT WORKS 1. Create your borrower profile and submit a loan application. 2. Participating lenders review your application. 3. Receive and compare available offers. 4. Review the interest rate, fees, repayment schedule, and total repayment. 5. Accept the offer that best suits your needs. LOAN TERMS AND COSTS • Minimum repayment period: 3 months • Maximum repayment period: 36 months • Interest rates range from 0.1% to 25% per month, depending on the lender, loan, and borrower eligibility • Maximum annualized interest rate: 300% per year • A 0.5% transaction fee applies to repayments • Late fees may apply to overdue loans and are disclosed in the applicable loan agreement REPRESENTATIVE EXAMPLE For a UGX 1,000,000 loan with a 3-month repayment period and an interest rate of 2% per month: • Principal: UGX 1,000,000 • Total interest: UGX 60,000 • Total loan repayment before transaction fees: UGX 1,060,000 • Approximate repayment transaction fees: UGX 5,300 • Approximate total amount paid: UGX 1,065,300 • Approximate monthly amount, including transaction fees: UGX 355,100 The example above represents an annualized interest rate of 24% before transaction fees. Actual rates, repayment amounts, fees, and terms vary by lender and are displayed before the borrower accepts an offer. Mpola is a loan marketplace and facilitator. Mpola does not guarantee that an application will receive an offer or be approved. Loan offers are made by participating lenders, subject to their eligibility and affordability assessments. No loan available through Mpola requires repayment in full within 60 days. Mpola Uganda Ltd. is committed to helping borrowers access credit with clear information about the terms and costs involved. Lend me, grow together.