Loangram: A Comprehensive Lending Solution for Ugandans
Loangram is a mobile lending application designed specifically for salary earners in Uganda, offering a seamless borrowing experience. The app allows users to apply for loans by providing their national ID and phone number, with verification handled by the Loangram field team. Users can access loan amounts based on their credit score, with repayment options available via popular mobile money services such as MTN and Airtel.
The application features a flexible loan term ranging from 30 to 90 days, with a minimum repayment period of 90 days and a maximum of 180 days. Notably, the app offers an interest rate of 0%, while the Annual Percentage Rate (APR) varies from a minimum of 15% to a maximum of 35%. The structured repayment plan allows for one-time or monthly payments, making it an accessible financial solution for those in need.
