THE TERMS AND CONDITIONS ARE BRIEF and CLEAR

1. Loan Amount Selection
Our loans range between UGX 1,500,000 an UGX 50,000,000 which is available for every one so longer as you have a National ID, Refugee ID or Passport for Uganda. Every one is allowed to pick or choose any amount loan can manage to pay back.

Our pay back period range between 1 month and 48 months for Basic loans and from 1month to 72 months for Mega loans. Every one is allowed to choose the number of months can manage to pay the loan back since the interest is 10% for the entire loan duration you select. So to know amount of money to pay back per month for example principal amount is UGX 1,500,000 and pay back period you chose is 6 months, follow (1,500,000 multiply by 1.1 and divide by 6 months)

2. Collateral
Be sure and sure that BIG LOANS AFRICA do not request for the Collateral security. These are security-less emergency loans

3. Business visit / Home survey
Please note that there no complete visit/ survey of Home / Business before taking the loan since these are emergency online quick loan but After getting the loan, in 2 - 3 days, one of our tracing team members will locate and reach you without calling or notifying you just to confirm the actual person who received the loan and to sign some small document which may contain questions on how to recover our money in case you stop communicating or in case the applicant dies, how our insurance companies will settle the dept.

4. Repayment delay penalties
There are no penalities attached on the delayed payments but to avoid frequent check ups, communicate in time so that the team is aware about your delay issue.

5. Loan Processing Charges
With BIG LOANS AFRICA, We use different APIs but especially with NIRA data API, this helps us to extract all the data supply to NIRA .

For Basic loans, Processing fee is UGX 106,000 and for Mega loans, Processing fee is UGX 332,000.

Processing is normally forwarded to URA account before we are granted a full token ID to access NIRA API for each query sent via the API.

So processing fee is a must to pay it before a loan is auto approved. However, immediately after paying , the loan will be auto approved.

6. Legal and Tracking
With all partners internationally , we are allowed to tracking a client in case of permanent refusal and hiding from paying back the loan.

You will face legal attention and note that all expenses incurred while tracking and court execution will be imposed on the client.