Pratico Speed: Quick Credit 1.0.7

Pratico Speed is a mobile loan application designed for the Ugandan market, specifically addressing the urgent financial needs of individuals. This app allows users to apply for loans conveniently, facilitating quick access to funding that can support business growth or assist in managing unforeseen circumstances.

Loan Product Features

• Loan Limit: UGX 30,000 - UGX 2,000,000
• Loan Term: 80 days to 180 days
• Daily Interest Rate: 0.1% - 0.6%
• Annual Percentage Rate (APR): 36.5% - 219%
• Repayment: Full repayment including both principal and interest.

Example:

If you apply for a loan of UGX 2,000,000 for a term of 80 days at an interest rate of 0.138%, the effective loan amount remains UGX 2,000,000. The total cost incurred for this loan would be calculated as follows: UGX 2,000,000 * 80 * 0.138% = UGX 220,800. This results in a total repayment amount of UGX 2,220,800, due in one installment after the conclusion of the loan term.

Eligibility Criteria for the Loan

• Applicants must be aged between 18 and 60 years.
• A valid national identification card is required.
• Stable income sources are a prerequisite, applicable to both employed and self-employed individuals.

Required Documents to Apply for a Loan

• A payment account registered in your name.
• Completion of the loan application form.
• Agreement to the app's terms and privacy policy.

How to Apply for a Loan

1. Download and install the Pratico Speed app.
2. Authorize the necessary data permissions.
3. Register using your phone number.
4. Complete the required information.
5. Submit your loan application and accept the loan agreement.
6. Upon approval, funds will be transferred directly to your account. If denied, please review your information and reapply.

Data Security

Pratico Speed assesses creditworthiness by accessing relevant information; however, users have discretion over data authorization. Rest assured that all data is securely stored and processed through various security measures such as HTTPS encryption, firewalls, anonymization, and access controls.

Please keep your mobile device updated with the latest version of the app to benefit from new features.

Customer Service and Complaints

If you have any inquiries or complaints, please reach out to us at: [email protected]

Privacy Policy: https://uganda.praticospeed.com/privacy-policy