PRODUCT OVERVIEW

Created by Borry Kihemba, Modified on Thu, 14 Mar, 2024 at 4:30 PM by Borry Kihemba

Product	Unsecured Consumer Term Loan
Channels Available	USSD (for now)
Loan Tenure	30 Days
Credit Limit	Based on customer’s credit score and can vary based on customer’s transactions and repayment behaviour
Charges	9% Monthly Interest 5% Rollover Fee
Repayment/ Collections	Voluntary payment from their Airtel Money account before due date Auto-debit from Customer’s Airtel Money wallet when the loan remains unpaid after 60 days

Age	Customer must be over 18 years of age
Age on network	Active subscriber on Airtel Money for at least 6 months
Subscriber category	Consumer numbers only (No merchant/business numbers)
Opt in / Opt out criteria	Customer must opt in by accepting T&Cs before taking a loan To opt out, the customer must have all outstanding loans paid
Minimum loan amount	UGX 20,000
Maximum loan amount	UGX 260,000