Cash Mates- Rapid Loan Express 1.2.0

Cash Mates presents a novel approach to lending solutions in Uganda, specifically tailored for both individuals and businesses seeking emergency financial assistance. This mobile application aims to facilitate access to loans during times of need, whether for business expansion or unexpected financial hurdles.

Key features of Cash Mates' loan offerings include:

• Generous Loan Amounts: Loans range from UGX 30,000 to UGX 1,000,000, accommodating diverse funding needs.
• Flexible Repayment Terms: Customers can select repayment terms from a minimum of 91 days to a maximum of 365 days, allowing for manageable repayment planning.
• Competitive APR Rates: Interest rates are structured between 18% and 30% annually.
• Diverse Repayment Options: Borrowers can opt for daily, weekly, or monthly payment schedules tailored to their financial situations.

For instance, if a user borrows UGX 100,000 with a repayment term of 91 days and an annual interest rate of 30%, the financial breakdown would be as follows:

• Loan Principal: UGX 100,000
• Total Interest: UGX 100,000 * (30% / 365 * 91) = UGX 7,479
• Total Repayment Amount: UGX 100,000 + UGX 7,479 = UGX 107,479
• Repayment Term: 91 days

Eligibility Criteria:

• Ugandan citizens aged 18 and above
• Holders of a valid national identification card
• Individuals with stable income sources, including employees and entrepreneurs

Application Requirements:

• A valid national identification card
• Completion of simplified KYC (Know Your Customer) and application forms
• Acknowledgment and acceptance of the terms and privacy policy within the application

Application Process:

• Download and install the Cash Mates mobile application
• Authorize necessary data permissions
• Register using an MTN or Airtel phone number
• Provide personal information and submit the loan application
• If approved, funds will be transferred directly to your account

Data Security Measures:

The application adheres to stringent security protocols designed to protect user data. Measures such as HTTPS encryption, firewall protection, and anonymization techniques are implemented to ensure maximum protection of sensitive information.

Customer Service Information:

The customer service team operates Monday through Friday from 8:00 AM to 5:00 PM (excluding public holidays). For inquiries or support, users can reach out via email at [email protected]. Company Name: Teravik Cash Point (U) – SMC Limited. Address: 13 Naggulu Drive, Naguru. Customer Service Phone: 0707218566. Official Website: https://www.cashmates.vip.

This overview highlights Cash Mates as a lending option worth considering for those in need of financial assistance. Its comprehensive features and commitment to user security position it as a significant player in the Ugandan lending market.