Tula Loan

LOWARAK LIMITED

About this app

App Full Description:
Tula Loan is a digital credit application specially built for Ugandan citizens. We are committed to providing simple, transparent, and entirely online loan services to help you easily manage various financial needs without any cumbersome traditional collateral.

Our Loan Products
Loan Amount: UGX 20,000 to UGX 600,000

Repayment Period: 91 days to 365 days

Annual Percentage Rate (APR): 12% - 30% per annum

Service Fee: 0%

Note: The final loan conditions (amount, interest rate) will depend on the user's personal risk assessment.

Loan Example
For example:

Loan Amount = UGX 600,000

Loan Term = 91 days

Interest Rate = 25%

Total Interest = UGX 150,000

Total Amount = UGX 750,000

For example: If the loan amount is UGX 600,000, the loan term is 91 days, and the interest rate is 25%, the total interest will be UGX 600,000 × 25% = UGX 150,000. The total amount payable will be: 600,000 + 600,000 × 25% = UGX 750,000.

(This example is for reference only. Final terms may vary depending on the customer's specific circumstances.)

How to Apply (4 Simple Steps)
Please register with your mobile phone number.

Fill in some information.

You will get authorized, and then you can obtain the loan.

Repay on time to increase your loan limit up to UGX 600,000.

Application Requirements
To start your Tula Loan experience, you only need to meet the following conditions:

Must be 18 years of age or older.

Must be a Ugandan citizen.

Have a valid mobile phone number (for account registration).

Security and Privacy
We value your privacy highly. Personal data will be securely processed in accordance with applicable laws and will only be used for credit assessment, fraud prevention, and service improvement.

Download Tula Loan now and experience fast credit services anytime, anywhere!

What’s new

Fix Bug