Compare personal loans in Uganda

By the Rateweb editorial team · How we rate · Product details checked 2 Aug 2026

Compare personal loans from banks and licensed lenders in Uganda. Borrow only from providers licensed by the national regulator, and read the full cost of credit (interest plus fees) before you apply.

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6 results
Longest tenor

Stanbic Bank Uganda Salary Loan

An unsecured loan for salaried Stanbic customers, with the arrangement fee, stamp duty and monthly insurance charge published on the product page. Stanbic Bank Uganda is a commercial bank supervised by the Bank of Uganda.
★★★★☆
4.0/5 · How we rate
Unsecured personal loan against salary
Loan Type
Commercial bank supervised by Bank of Uganda
Licence
Salaried borrowers who want a long tenor and a bank rate rather than a digital lender
Best For
bank
Type
Pros
  • Stanbic publishes unsecured amounts up to UGX 350 million and tenors up to 120 months
  • The fee stack is disclosed on the page: 2% arrangement fee, UGX 15,000 stamp duty above UGX 3 million, and 0.143% monthly insurance
  • The entry income bar is low: Stanbic states a minimum net monthly income of UGX 150,000
Cons
  • The interest rate is not published; the page only claims 'best interest rates in the market', which tells you nothing
  • The monthly insurance charge of 0.143% of the outstanding balance is a real ongoing cost on top of interest
  • A 120-month tenor on an unsecured loan means you pay interest for a decade; borrow over the shortest term you can service
Fees, eligibility & documents
Fees
Arrangement fee2% of the loan amount, per Stanbic's page
Monthly insurance charge0.143% of the outstanding loan amount, per Stanbic's page
Eligibility
  • Hold a Stanbic account and receive a monthly salary into it
  • Minimum net monthly income of UGX 150,000
  • Aged 21 or over, and not older than 60 when the facility expires
Documents needed
  • National ID (non-Ugandans need a valid residency or work permit)
  • Financial card
  • Salary details as requested by the branch
Visit Stanbic Bank Uganda

dfcu Bank Unsecured Personal Loan

An unsecured salary loan for employees paid through dfcu, or willing to move their salary account there, with repayments capped at half of net income and death and disability cover attached. dfcu Bank is a commercial bank supervised by the Bank of Uganda.
★★★★☆
4.0/5 · How we rate
Unsecured personal salary loan
Loan Type
Commercial bank supervised by Bank of Uganda
Licence
Salaried borrowers consolidating debt or funding school fees, medical bills or home works
Best For
bank
Type
Pros
  • dfcu publishes amounts up to UGX 250 million and a tenor of 2 to 72 months
  • Monthly repayments are capped at 50% of net income, which is a real affordability guard
  • The loan is insured against death and permanent disability, so the debt does not pass to your family
Cons
  • You must move your salary account to dfcu, which is a bigger commitment than the loan itself
  • The rate is not published on the product page; dfcu says it varies by sector and net salary
  • The document list is long (NSSF card, six months of statements, sketch map of residence), so it is not a quick loan
Fees, eligibility & documents
Fees
Interest rateNot published on the product page; dfcu says it varies by sector and net salary — ask for it in writing
Processing time48 hours from provision of all requirements, per dfcu's page
Eligibility
  • Salary paid through dfcu Bank, or willingness to move your salary account to dfcu
  • Minimum net salary of UGX 200,000 for government employees or UGX 400,000 for non-government employees
  • Letter of undertaking from your employer and a valid employment contract
Documents needed
  • Two passport photographs and a National ID or passport
  • Letter of undertaking or introduction from the employer, recent pay slips, and six months' bank salary statement
  • NSSF card, financial card and a sketch map of your residence
Visit dfcu Bank

Centenary Bank CenteSalary Loan

A salary-backed personal loan on a reducing-balance basis, available to salary and pension earners who have been banking their income with Centenary. Centenary is a commercial bank supervised by the Bank of Uganda.
★★★★☆
3.9/5 · How we rate
Salary or pension-backed personal loan
Loan Type
Commercial bank supervised by Bank of Uganda
Licence
Salary and pension earners already banking with Centenary, including outside Kampala
Best For
bank
Type
Pros
  • Centenary publishes salary loans of up to UGX 250 million and states processing within 24 hours
  • Interest is charged on a reducing balance, so the interest cost falls as you repay
  • Open to pensioners as well as employees, which many salary-loan products are not
Cons
  • Neither the interest rate nor the processing fee is published on the product page
  • You need at least two salary payments already deposited into a Centenary account, so it is not available on day one
  • Secured versions run up to 10 years; long tenors quietly multiply the total interest paid
Fees, eligibility & documents
Fees
Interest rateNot published; Centenary's page states 'friendly interest rates' on a reducing-balance basis — ask for the figure
Processing feeNot published; Centenary's page states 'low loan processing fees'
Eligibility
  • Hold a Centenary current or savings account and be a regular salary or pension earner
  • Permanent employment for at least one year, with at least two salary payments into the account
  • Resident within the branch's area of operation
Documents needed
  • Completed application form and a copy of your appointment letter
  • Employer undertaking regarding any change in employment status
  • National ID or passport
Visit Centenary Bank
Fees published

Absa Bank Uganda Salary Loan

An unsecured salary loan with the application fee, arrangement fee and income thresholds all published on Absa's own page, and no penalty for repaying early. Absa Bank Uganda Limited states it is regulated by the Bank of Uganda.
★★★★☆
3.9/5 · How we rate
Unsecured salary loan, fixed rate
Loan Type
Regulated by Bank of Uganda (company registration number 4227)
Licence
Employees of companies on Absa's vetted employer list who want fast, predictable repayments
Best For
bank
Type
Pros
  • Absa publishes the fee stack: UGX 20,000 application fee and a 3% arrangement fee (minimum UGX 300,000)
  • No early repayment penalty, so paying the loan off ahead of schedule genuinely saves you money
  • Fixed interest rates mean the instalment does not move if market rates rise
Cons
  • You must work for a company on Absa's vetted employer list, which excludes most informal and small-employer workers
  • The interest rate itself is not published; only that it is fixed
  • The 3% arrangement fee with a UGX 300,000 floor is punishing on smaller loans — on a UGX 5 million loan it is a real 6%
Fees, eligibility & documents
Fees
Application feeUGX 20,000 / USD 6, per Absa's page
Arrangement fee3% of the loan, minimum UGX 300,000; 2.5% on USD loans, per Absa's page
Eligibility
  • Salaried employee of a company on Absa Uganda's vetted employer list
  • Minimum income of UGX 600,000, or UGX 300,000 for civil servants, or USD 1,500
Documents needed
  • National ID, Ugandan passport or driving permit with NIN
  • Proof of salary and employment as requested by the bank
Visit Absa Bank Uganda
Expensive — short term only

MoKash loan (MTN MoMo and NCBA)

A small 30-day loan inside the MTN MoMo wallet, provided with NCBA, available only to customers who have already saved with MoKash. It is instant and convenient, and it is expensive.
★★★★☆
3.7/5 · How we rate
30-day digital micro-loan inside a mobile wallet
Loan Type
Offered by MTN MoMo with NCBA as the partner financial institution
Licence
A genuine short-term gap you will close within days, not a way to fund anything
Best For
mno
Type
Pros
  • Instant, on any handset, with no paperwork or branch visit
  • Small amounts are available: MTN publishes a range of UGX 3,000 to UGX 1,500,000
  • Repaying builds a limit and a repayment record inside the wallet you already use
Cons
  • A 9% facilitation fee for 30 days is very expensive credit — over a year of rolling that is far beyond any bank personal loan rate
  • If you cannot repay, extending for another 30 days costs another 9%, so the cost compounds fast
  • You must save with MoKash first, which nudges savers into borrowing against their own money
Fees, eligibility & documents
Fees
Facilitation fee9% on drawdown and on each top-up, per MTN's page
Extension feeA further 9% to extend for another 30 days, per MTN's page
Eligibility
  • Registered MTN Uganda Mobile Money customer
  • Must have saved with MoKash before a loan is offered; limits are set by MTN and NCBA
Documents needed
  • Registered MTN SIM in your own name
  • National ID used for SIM and MoMo registration
Visit MTN MoKash
Expensive — days, not months

MTN MoMo Advance

An overdraft on your MTN Mobile Money wallet that lets a transaction go through when your balance is short, cleared automatically from your next incoming funds. Genuinely useful for a stuck payment, and one of the costliest ways to borrow in Uganda if it runs.
★★★★☆
3.7/5 · How we rate
Mobile money wallet overdraft
Loan Type
Offered by MTN Uganda to qualifying MoMo customers; MTN's page does not name a separate partner lender
Licence
Completing a payment you are a few thousand shillings short on, and clearing it the same week
Best For
mno
Type
Pros
  • No application: eligible customers are scored on their existing MoMo usage
  • Lets a time-critical payment (school fees, a bill, a transfer) complete rather than fail
  • Repayment is automatic from the next money into the wallet, so it is hard to forget
Cons
  • Daily interest of 0.95% from 16 July 2024 is the headline problem — held for a month that is roughly 28.5% on top of the access fee
  • A 2.75% access fee is charged on every drawdown, so even same-day use is not cheap
  • Automatic recovery from incoming funds can leave your wallet empty exactly when you need it
Fees, eligibility & documents
Fees
Access fee2.75% of the transaction amount on each drawdown, per MTN's page
Daily interest0.95% per day on the outstanding balance from 16 July 2024, per MTN's page
Eligibility
  • MTN Mobile Money customer for at least six months
  • Must pass MTN's credit scoring based on service usage
Documents needed
  • Registered MTN SIM in your own name
  • National ID used for SIM and MoMo registration
Visit MTN MoMo Advance

Ratings are Rateweb's editorial opinion. Product details can change — always confirm with the provider before applying. Rateweb may earn a commission on some applications. This is general information, not financial advice.