Paide - Loans and Advances

Paide

About this app

Employees who desire a salary advance will receive a link via email from their employer’s administrator or HR manager. The link enables them to download Paide’s phone app through which they create an account using a secure verification process. Once their profile is verified, they receive customized loan options based on their salary.

Loan Terms & Costs
Minimum repayment period: 90 days
Maximum repayment period: 6 months
Maximum APR: 4%

Representative example
If you borrow UGX 500,000 for 6 months at 4% APR, the total interest is UGX 10,000 and the total amount repayable is UGX 510,000.
Example monthly payment: UGX 85,000 (6 equal monthly payments).

If any fees apply (origination, service, late fees), send them and I’ll update the example to include them.