Numida Business Loan APK Download v2.34.6 for Android

Numida Business Loan APK

By: Numida Technologies

Rating: 4.4+  Downloads: 1156+ Size: 11.3 MB Updated: February 21, 2024.

Numida Business Loan APK taps deeply into the potential of thousands of small businesses in Uganda. With a simple loan application process, get a fast and convenient business loan through the App and receive mobile money funds in less than 72 hours – no security required!

Numida Business Loan APK is very easy to use! With the App, you can increase your loan limit and get a bigger loan to help grow your small business.

It also helps you find interesting financial information about your business by indexing your records.

About Numida Business Loan APK

Numida Business Loan APK is a fast-growing new loan App that offers personal loans in Uganda and users can get loans up to UGX 1,500,000 as long as they meet all the necessary user requirements.

Numida already has over 2,000 total reviews from the Google Play Store and over 100,000 people have downloaded the Numida Loan app from the Google Play Store, including people who use Numida Business Loan to get a loan and who later use the app. Not taking loans.

Numida Business Loan APK has an overall rating of around 4.4 stars, with people sharing their experience with the app in the form of reviews about how they feel about the app.

What is Numida Business Loan APK?

Numida Business Loan APK is a loan product offered by Numida Technologies, a Ugandan fintech company that uses technology to provide affordable credit to SMEs.

Numida’s business loans are designed to meet the financing needs of small and medium-sized businesses, giving them access to working capital, inventory financing, and asset purchases.

Features Numida Commercial Loan Facilities

• Loan Amount: Numida Business Loan offers loans from UGX 500,000 to UGX 30,000,000.
• Repayment Term: Numida’s business loan repayment term varies from 3 to 12 months depending on the loan amount and the company’s cash flow.
• Interest Rate: Numida’s business loan interest rate is between 10% and 15%, depending on the creditworthiness of the company.
• Collateral: Numida business loans do not require collateral, making them accessible to businesses that may not have enough collateral to secure a traditional bank loan.
• Processing Time: Numida Business Loans has a fast and efficient loan processing system and the loan is approved within 24 hours of application.
• Loan Disbursement: Numida Business Loan disburses funds directly to the company’s mobile money account, providing easy access to funds.
• Affordable Credit: Numida Business Loans offer competitive interest rates, making them more affordable than conventional bank loans.
• Affordable Credit: Numida Business Loans require no collateral, helping SMEs get credit even if they don’t have enough assets to get a traditional bank loan.
• Fast Loan Processing: Numida Business Loans has a fast and efficient loan processing system, and loans are approved within 24 hours of application, helping SMEs to access funds quickly.
• Flexible Repayment Terms: Numida Business Loans offer flexible repayment terms ranging from 3 to 12 months depending on the company’s cash flow, allowing SMEs to repay the loan when it suits them.
• Improved Credit Rating: Timely repayment of Numida Business Loans can improve the credit rating of SMEs, helping them get more affordable credit in the future.

Steps to Apply for Numida Loan:

• Register
• Fill in the basic details
• Apply for a loan
• Wait for approval

To get a loan from Numida, you need to:

• Citizen of Uganda
• Between 18-65 years
• Regular source of income

How does Numida Business Loan APK work?

Numida Business Loan APK uses a proprietary credit scoring system that uses machine learning and alternative data to assess the creditworthiness of SMEs.

This credit scoring system allows Numida to accurately assess the credit risk of SMEs, enabling it to provide affordable financing to businesses that may not have access to traditional bank loans.

To apply for a business loan from Numida, SMEs must download the Numida app, create an account, and provide basic information about their business.

Numida Business Loan APK then uses this information to verify the company’s creditworthiness and determine the loan amount and interest rate.

Conclusion

Numida Business Loan APK is a viable financing option for SMEs in Uganda, providing affordable, accessible, and quick financing with flexible repayment terms.

As the eligibility criteria are relatively easy to meet and the loan application process is simple, SMEs can access credit quickly and efficiently.

In addition, timely repayment of Numida Business Loan can improve the credit rating of SMEs, helping them to access more affordable credit in the future.