1.2.7 Safe to install
Mara-Instant Loan Online: Fast Solutions for Immediate Financial Needs
Mara-Instant Loan Online by Microle offers an efficient platform for quick loan approval, catering to users seeking immediate financial assistance with minimal hassle.
You can easily apply for a loan through our app and receive immediate transfer to your wallet account once your application is approved.
We prioritize and respect your privacy. Rest assured that your personal information will never be shared without your explicit consent.
We offer a variety of products including:
- Loan amounts ranging from UGX 100,000 - UGX 1,000,000
- Loan terms between 90 - 365 days
- Annual Interest Rate (APR) of 24% - 56%
For example, if you borrow UGX 200,000 with a loan period of 90 days and an interest rate of 12%, plus a service fee of 1%, the total fee would be UGX 200,000 * (12% + 1%) = UGX 26,000. Therefore, the total repayment amount would be UGX 200,000 + UGX 26,000 = UGX 226,000.
As for the repayment method, if you choose the one-time repayment option, you would need to repay UGX 226,000 after 90 days.
For the interest calculation example:
- Loan amount: UGX 200,000
- Loan Interest: UGX 24,000 = UGX 200,000 * 12% (APR of 48%)
- Loan Service Fee: UGX 2,000 = UGX 200,000 * 1%
- Total repayment: UGX226,000 = UGX200,000 + UGX24,000 + UGX2,000
To be eligible, you must meet the following conditions:
- Ugandan Citizenship
- Age between 18 and 60
If you find yourself in urgent need of money, consider trying our Mara app. No credit card or collateral is required, and there's no need to visit our office. Simply download the app and apply for a loan at your convenience.
CONTACT US
Telephone: +256707065565, +256770687647
Email us at support@mara.work
Address: 128 Old Kira Rd, Kampala
Overview
Mara-Instant Loan Online is a Freeware software in the category Business developed by Microle.
The latest version of Mara-Instant Loan Online is 1.2.7, released on 01/01/2025. It was initially added to our database on 02/02/2024.
Mara-Instant Loan Online runs on the following operating systems: Android.
Users of Mara-Instant Loan Online gave it a rating of 4 out of 5 stars.
Pros
- Quick and easy loan application process
- Instant approval and disbursement of funds
- No physical documents required for loan approval
- Flexible repayment options available
- Available 24/7 for loan application and support
Cons
- Interest rates may be higher compared to traditional banking loans
- Loan amounts may be limited for first-time borrowers
- May require access to personal financial information for verification purposes
FAQ
What is Mara-Instant Loan Online?
Mara-Instant Loan Online is an online platform provided by Microle that offers quick and easy short-term loans to consumers.
How can I apply for a loan through Mara-Instant Loan Online?
You can apply for a loan through Mara-Instant Loan Online by visiting their website, filling out the application form, and providing the necessary documents for verification.
What are the eligibility criteria for getting a loan from Mara-Instant Loan Online?
The eligibility criteria may vary, but typically include being of legal age, having a valid identification document, a steady source of income, and a bank account for loan disbursement.
How quickly can I receive the loan amount once approved?
Once your loan application is approved, you can usually expect to receive the funds in your bank account within a few hours to a day, depending on the processing time and your bank.
Is there a limit to how much I can borrow through Mara-Instant Loan Online?
The loan amount limit may vary depending on your creditworthiness, income level, and other factors. It is best to check with Mara-Instant Loan Online for specific details.
What are the repayment options available for Mara-Instant Loan Online?
Mara-Instant Loan Online typically offers flexible repayment options, including monthly installments or a lump sum payment at the end of the loan term. They may have different plans available, so it's advised to inquire directly.
Are there any penalties for early repayment of the loan?
Some lenders may charge a prepayment penalty for paying off the loan before the agreed-upon term. It's advisable to check with Mara-Instant Loan Online regarding their prepayment policies.
What happens if I miss a repayment on my Mara-Instant Loan?
Missing a repayment on your Mara-Instant Loan may result in late fees, additional interest charges, and potentially harm your credit score. It's important to communicate with the lender if you anticipate missing a payment.
Is my personal information secure with Mara-Instant Loan Online?
Mara-Instant Loan Online takes privacy and data security seriously. They employ encryption protocols and adhere to strict confidentiality standards to protect your personal information.
Can I extend or renew my loan with Mara-Instant Loan Online?
Extensions or renewals of loans are subject to the policies of Mara-Instant Loan Online. They may offer such options with conditions attached. It's recommended to inquire directly about these possibilities.
Boris Weber
I am an editor at UpdateStar. I started as a support engineer, and am now specialized in writing about general software topics from a usability and performance angle among others. I telecommute from UpdateStar’s Berlin office, when I am not working remote as a digital nomad for UpdateStar. When I'm not analyzing the latest software updates, you can find me exploring new cities, immersing myself in local cultures, and discovering innovative tech trends across the globe.
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