Umba Loan is an Android application with which users can apply for loans online. There is an option to pay bills, including water, electricity and internet. It is worth noting that the services are oriented towards residents of Nigeria.
Loans and repayments
It is possible to apply, drawdown and obtain loans online without going to any bank. Users can verify their identity, provide information about their income and view available plans. The utility offers profitable options for clients, if they repay on time and increase their credit score.
The process of applying for a loan is not difficult and does not take much time. This also goes to repayments. When it is time to pay monthly debt, you complete a payment as stated in the agreement. If you have the opportunity to cover all the amount you have borrowed, the application allows you to make only one transaction and repay the credit.
Umba Loan works with M-Pesa service. Therefore, users can receive money and transfer it directly to their account. Then, it is possible to manage finances properly and make necessary transactions.
Aside from obtaining standard loans, you can also add your bills and receive money for your utility payments. Moreover, once you have transferred funds to your M-Pesa account, it is possible to pay for various services and make purchases online.
- similar to Branch, provides loans offers;
- users can view plans based on their salary;
- possible to complete transactions and pay bills;
- app is free to download and use;
- compatibility with current Android versions.