KuulaPricing
One rate, no fees, and the full cost in writing before you accept.
33.6% a year
Simple interest, charged only on the amount you borrow and only for the days in your loan term. There are no application, processing or disbursement fees.
Interest is worked out as: amount borrowed × 33.6% × days ÷ 365, rounded to the nearest shilling.
What is not charged
- No application fee.
- No processing or disbursement fee.
- No fees beyond the interest shown in your offer.
Your Mobile Money provider may charge its own transaction fees under its tariffs.
Worked examples
These are calculated exactly the way your offer is calculated. The amount and term you are offered depend on your review.
| You borrow | Term | Interest | Fees | You repay |
|---|---|---|---|---|
| UGX 300,000 | 30 days | UGX 8,285 | UGX 0 | UGX 308,285 |
| UGX 500,000 | 60 days | UGX 27,616 | UGX 0 | UGX 527,616 |
| UGX 1,000,000 | 90 days | UGX 82,849 | UGX 0 | UGX 1,082,849 |
| UGX 2,000,000 | 180 days | UGX 331,397 | UGX 0 | UGX 2,331,397 |
Repaying
Repay through Mobile Money from the app, in part or in full, at any time before your due date. Each payment is applied first to interest and then to the amount borrowed, and you get a receipt once it is confirmed.
Before you accept
Your offer states the amount, interest, total to repay and due date, and the loan agreement sets out your rights and obligations. Read both. If anything is unclear, ask us before you accept.
See your own offer
Apply to find out the amount and term available to your business.