Frequently Asked Questions
How do I apply for a loan with CashSphere?
Simply download the CashSphere app, create an account, and fill out your loan application. Choose the amount you need and the repayment term, and submit the application for approval. Once approved, funds are transferred to your mobile wallet instantly.
Is CashSphere available in all areas of Uganda?
Yes, CashSphere is available nationwide! As long as you have a mobile phone and access to mobile money services, you can apply for and receive a loan, no matter where you are in Uganda.
How fast will I receive my loan?
Once your loan is approved, the funds are transferred directly to your mobile wallet within minutes. The entire process, from application to funding, is quick and efficient.
What documents do I need to apply for a loan?
To apply for a loan with CashSphere, you’ll need to provide basic personal information such as your name, phone number, and income details. No bank statements or lengthy documentation is required—just a valid ID and a mobile phone.
What is the maximum loan amount I can apply for?
Loan limits vary, the loan amount you qualify for depends on factors like your income and repayment history.
What are the interest rates on CashSphere loans?
CashSphere offers competitive and transparent interest rates. The exact rate will be displayed clearly when you apply for a loan, so you’ll know exactly how much you’ll be paying before you accept the terms.
How do I repay my loan?
Repayments are made via mobile money or bank transfer, depending on what is most convenient for you. Your repayment schedule will be displayed in the app, so you’ll always know when and how much to pay.
What happens if I miss a loan repayment?
If you miss a repayment, we’ll send you reminders to help you get back on track. Late payments may incur a small penalty fee, and missed payments could affect your ability to borrow in the future, so it's important to stay on top of your repayment schedule.
How long do I have to repay my loan?
CashSphere offers flexible repayment terms, ranging from a month to several months. You can select a repayment period that works best for your financial situation.
Can I repay my loan early?
Yes, you can repay your loan early at any time without incurring additional fees. In fact, repaying early could save you money on interest.
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CashSphere
CashSphere offers fast, flexible personal loans, anytime you need them.
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