Pratico Speed: Quick Credit

pratico speed

About this app

Pratico Speed is a mobile loan application tailored specifically for the Ugandan region, aiming to meet the emergency loan needs of individuals. With our app, you can easily apply for a loan and receive financial support quickly, helping you grow your business or address unexpected situations.
Loan Product Features
- Loan Limit: UGX 30,000 - UGX 2,000,000
- Loan Term: 80 days to 180 days
- Daily Interest Rate: 0.1% - 0.6%
- Annual Percentage Rate (APR): 36.5% - 87%
- Repayment: Every time repayment, including both principal and interest.
Example:
If you apply for a loan of UGX 2,000,000 for 80 days at an interest rate of 0.138%, the effective loan amount is UGX 2,000,000. The total cost of the loan will be UGX 2,000,000 * 80 * 0.138% = UGX 220,800. The total amount to be repaid is UGX 2,220,800, payable in one installment after 80 days.
Eligibility Criteria for the Loan
- Age between 18 and 60 years
- Possess a valid national identification card
- Have a stable income source, including employed or self-employed individuals
Required Documents to Apply for a Loan
- A payment account in your name
- Complete our loan application form
- Agree to the app’s terms and privacy policy
How to Apply for a Loan
1. Download and install the Pratico Speed app.
2. Authorize data permissions.
3. Register using your phone number.
4. Fill in the required details.
5. Submit your loan application and agree to the loan agreement.
6. Upon approval, the funds will be transferred directly to your account. If your application is denied, check your information and reapply.
Data Security
To effectively evaluate your creditworthiness, Pratico Speed requires access to relevant information. You have the right to choose whether to authorize data collection. All data is securely stored and processed. We employ multiple measures (such as HTTPS encryption, firewalls, anonymization, and access controls) to ensure data security.
Ensure your mobile device is always updated with the latest version to access new features.
Customer Service and Complaints
If you have any questions or complaints, contact us at: [e-mail]
Privacy Policy: https://uganda.praticospeed.com/privacy-policy

Ratings and reviews

I have received over 100 calls over an overdue payment threatening to be killed because of not paying back on time, and when I try to pay the app doesn't open. Please sort your app so that I can pay off ASAP

"PRACTICO You've taken our reminders for granted today from morning, don't blame our next team for next steps to be taken in next hours use this chance to pay" This is unprofessional especially when the client is still well within the payment time and they actually pay on time. You guys can do better than THREATEN your own clients.

The money being given is so small. i needed some 340000 which i would be paying in a month's period but i cancelled the application bse! was being given 30000 then 11000 was being deducted and i was being given one week yet the problem won't be solved with such small money