MoKash is a service that provides customers the ability to save and borrow using their phones. Customers can save while earning an interest or take out short term loans at a reasonable fee.
The customer does not have to visit any bank to fill out forms.
To activate a customer should dial *165*5# and enter their MTN Mobile Money PIN.
- To use the service you have to be an MTN customer and active on MTN Mobile Money.
- Dial *165*5# to get started.
- You will be prompted to enter your MTN Mobile Money PIN to activate your MoKash account.
- Activation of a MoKash account is
- Any transactions between MoKash and Mobile Money are free. Ie Savings, Auto savings, Loans, Loan payment, Account balance check.
Interest Rates – Savings.
You can save a minimum of UGX 50 up to any amount depending on KYC level
|1 – 300,000||2%|
|300,001 – 800,000||3%|
|800,001 – 1,600,000||4%|
Interest Rates – Loans
You can borrow between UGX 3,000 to UGX 1,000,000 depending on your loan limit at a fee of 9%.
You can access all the frequently asked questions here.
Terms and Conditions
You can access all the terms and conditions here.