Unfortunately, there is still no single, fixed maximum interest rate for money lenders in Uganda. Here’s why this situation persists: Unenforced Legislation: While the Tier 4 Microfinance Institutions and Money Lenders Act 2016 empowers the Minister of Finance to set a cap on interest rates, this hasn’t been done yet. This leaves a regulatory gap […]
Loan
How Can I Borrow Money Online in Uganda? (2025 Guide)
In today’s digital age, borrowing money online in Uganda has become increasingly accessible. Online loan options offer a convenient alternative to traditional bank loans, especially for those without collateral or in need of quick funding. If you’re exploring how to get a loan online in Uganda, this guide will walk you through the steps, eligibility, […]
Interest Rate For Personal Loan In UAE (2025)
Interest rates for personal loans in the UAE can vary depending on several factors, including: The bank or lender you choose: Different banks and lenders offer varying interest rates based on their own policies and risk assessment. Your creditworthiness: Individuals with a strong credit history and stable income typically qualify for lower interest rates. Loan amount and […]