Have funds for life-changing circumstances
Quicksente – Online loan app is a free finance app for applying and repaying loans with a push of a button. Designed for Ugandan users, it lets them have extra cash for their needs—from unforeseen circumstances to life-changing decisions like preparing for a wedding or buying a new car.
Quicksente – Online loan app boasts advanced security and encryption technologies to keep your data safe from cybercriminals, and it also doesn’t share or sell sensitive data to third parties—making you feel confident about applying for a loan. If you’re not a Ugandan citizen, you won’t benefit much from the app.
Have funds for emergencies
Quicksente – Online loan app is a loan provider that Ugandans can count on during emergencies. Here, they can apply for loans amounting between USh 60,000 UGX and USh 500,000 UGX for a minimum of 91 days and a maximum of one year. It doesn’t charge an interest rate, though you’ll need to pay a 25% service rate on top of your requested loan amount.
The annual percentage rate (APR), meanwhile, will be around 12% to 52%. Loan repayments can be done on a one-time or monthly basis, too. To apply, you need to register your ATN Airtel contact number and provide your ID number. You’ll also need to answer questions and complete the necessary information. Then, you must grant the app access to your device’s data.
By checking your data, the app can check if you’re eligible for a loan. However, your application is more likely to be approved if you provide accurate information and ensure that you have a good credit score under your belt. If your application is rejected, you can reapply for a loan after a period of time. Unfortunately, having your loan application approved can entail lots of rejections.
Loan approval is not easy
Overall, Quicksente – Online loan app is a blessing for Ugandan users. With it, they can apply for a loan straight from their device and have the option to pay it one time or every month. While applying for one looks easy—at least, at first glance, users should be prepared to face rejections before they are qualified for a loan. Hence, a good credit score is a huge must.
