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Savings & Loans

What is MoKash? What is MoKash?

MoKash is a service available for MTN Mobile Money customers that provides customers the ability to save using MTN Mobile Money and to take loans on a short term basis.

Dial *165*5# and select MoKash to get started.

What are the services that MoKash offers? What are the services that MoKash offers?

A customer can save and earn interest or can get a short term loan with MoKash.

What are the features of MoKash Savings. What are the features of MoKash Savings.
  • Upon activation of MoKash a customer should save by moving money from their Mobile Money account to their MoKash account.
  • To save with MoKash dial *165*5# select MoKash, then Savings then Deposit. A customer can save as low as UGX50.
  • Money saved on MoKash earns interest.

  • You can also activate Auto Savings. Choose between 3 options; daily, weekly or monthly.

What interest do I earn when I save with MoKash? What interest do I earn when I save with MoKash?

Amount

Interest

1 – 300,000

2%

300,001 – 800,000

3%

800,001 – 1,600,000

4%
> 1,600,000

5%
Question Question
What are the features of the MoKash Loan? What are the features of the MoKash Loan?
  • To access a MoKash loan a customer should have first saved with MoKash. Customers can save as low as UGX 50.
  • You can access a loan between UGX 3,000 and up to UGX 1,000,000 depending on your loan limit with a 9% facilitation fee.
  • Loan repayment period is 30 days
  • If loan in not paid within the 30 day period, customer will extend the outstanding loan for another 30 days at a fee of 9%
  • Loan is deposited directly to the customers MTN Mobile Money account.
  • To get a loan dial *165*5#, select MoKash, then Loans and follow the steps. Remember to check your Loan Limit.
How much is a customer charged when using MoKash? How much is a customer charged when using MoKash?

All MoKash transactions are free. Depositing or withdrawing from your Savings account, checking loan limit, repaying a loan are all free transactions.

Where do I access the MoKash Terms and Conditions? Where do I access the MoKash Terms and Conditions?

The MoKash Terms and Conditions can be accessed via the MTN website – https://www.mtn.co.ug/helppersonal/savings-loans/  

If I have any queries on the product, whom do I contact? If I have any queries on the product, whom do I contact?

Visit any MTN Service Center or call the MTN Mobile Money helpline 122.