MTN has partnered with KCB Bank to address the loans and savings gap by developing an innovative digital savings and loan product dubbed MoPESA accessed through * 165 * 45#.
MTN MoPesa is a revolutionary financial product that combines two essential services: a Savings Account and Instant Loans. With our Savings Account, you can create and start saving towards your financial goals in seconds, with as little as UGX 500. Whether you prefer a Regular Savings Account or a Fixed Deposit Account, we have got you covered. Additionally, our Instant Loans provide quick and affordable credit, credited directly to your Mobile Money wallet, without the hassle of paperwork, queuing, or ‘sign here’.
No queuing or paperwork is needed to open a savings account or get a loan.
MTN MoPesa saves you time and effort with its quick, hassle-free access to both savings and loans through USSD.
Set up automated savings and repay your loans conveniently, making financial management a breeze.
| Loans | Fees |
|---|---|
| 3 days | 2.5% |
| 7 days | 5% |
| 14 days | 7% |
| 30 days | 9% |
