Watu Simu Uganda Smartphone Loan Requirements, Amount, available smartphones and Interest


Watu is one of the best Apps to get smartphone loan in Uganda. Their interest is as low as 12% per year. Below are the requirements for the loan,types of smartphones, amount and interest charged:

Requirements to get the smartphone 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

The loan repayment period is 12 months or 52 weeks. Payment is done weekly.

What is the onboarding process?

The onboarding process takes approximately 20 minutes, and involves the following steps:

  1. Visit any store where Watu Simu is available.
  2. Select any Samsung Galaxy smartphone supported by Watu.
  3. Get a pre-approval on your application.
  4. Make your down payment.
  5. Wait for the verification process to be completed (5-10 minutes).
  6. Once verified, the phone is activated, and you can leave with your new device!

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

How to make payments to Watu Simu

Payments can be made via Airtel Money or Yo Pay.

Airtel Money:

Dial *185*5*15#

Reference Number: Borrower’s phone number

Yo Pay:

Dial *217*777#

Reference Number: Borrower’s phone number


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