Best Smartphone Loans in Uganda

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Table of Contents Hide
  1. Watu Africa
  2. MKOPA
  3. Platinum Credit
  4. Mogo

If you want to own a smartphone in Uganda, you can buy on cash or get it on loan.  Without enough money to buy an expensive smartphone, you can still get one cheaply on loan. Below we have listed some of the best companies to get smartphones on loan in Uganda.

Watu Africa

Watu Africa is by far the best company to get a smartphone on loan in Uganda.The loan payment is weekly and you are required to repay it for 52 weeks which is equivalent to 1 year.

Requirements to get the loan

To qualify for phone financing, you need to have the following:

  • An original National ID
  • No active loans with Watu
  • Be at least 18 years old
  • An active mobile money transaction line
  • Next of kin contact details (the contact must be available/online for verification)
  • A minimum down payment amount for the selected device

List of smartphones available on loan

The following phones are available for financing through Watu Simu:

  • Samsung Galaxy A03 Core
  • Samsung Galaxy A04E
  • Samsung Galaxy A04S
  • Samsung Galaxy A04
  • Samsung Galaxy A14
  • Samsung Galaxy A24
  • Samsung Galaxy A34

To get started, contact Watu via 0800 202 777

The interest is 24% to 40% of the total price of the smartphone.

MKOPA

MKOPA is as good as Watu Africa and even better when it comes to giving smartphones on loan.  You are required to pay a deposit in order to get the smartphone,then pay the loan on weekly basis.

The list of smartphones offered by Mkopa are:

Samsung A05

Samsung A05s

Samsung A15

M-KOPA X2

M-KOPA X20

How to get the smartphone

Pay your first Deposit

Get a new smartphone with affordable daily payments today. 



Dialing the USSD Codes below to make payment:

  • MTN *165*24#, enter account number, and enter PIN to complete payment.
  • Airtel *185*4*4*1#, enter amount, enter account number, and enter PIN to complete payment.

The sales agent will give you your 9-digit account number to complete your payment.

M-KOPA in-app payment

Initiate effortless in-app payment by:

  1. Signing into the M-KOPA app.
  2. Tapping the ‘Make Payment’ button and following the prompts.

Make sure that you repay you loan weekly. In case you fail to repay, your phone will be locked

Platinum Credit

You are required to pay 30% of the loan amount as deposit for the phone. If a phone costs UGX 1 million, you will pay UGX 300,000 to get it then pay the rest weekly.

Requirements to get the phone

  • 30% Deposit of the phone value
  • Verifiable Income
  • Current Three (3) months Mobile Money Statement
  • Photo of the applicant (Photo must be taken at the shop)
  • Valid National ID
  • Next of kin (contact and location).
  • An active email address

To get the phone loan, use USSD Code *249#

Loan repayment is for 52 weeks.

Mogo

Another good company in Uganda that gives smartphones on loan. The loan is given within 24 hours. The list of smartphones offered on loan are:

Samsung A03—initial payment is UGX105,000, weekly payment is UGX12,540 and repayment period is 52 weeks.

Samsung A14—Initial payment is UGX 190,000, weekly payment is UGX21355 and repayment period is 52 weeks.

Samsung A04s—Initial payment is UGX200,000, weekly payment is UGX22,305 and repayment period is 52 weeks

Samsung A24—Initial payment is UGX320,000, weekly payment is UGX28,000 and repayment period is 52 weeks

Samsung A05—Initial payment is UGX120,000, weekly payment is UGX14004 and repayment period is 52 weeks

Samsung A15—Initial payment is UGX215,000, weekly payment is UGX23021and repayment period is 52 weeks

Those are the best companies in Uganda that offer loans for smartphones.

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