Umba 1.28.0

Umba

Umba provides a convenient way for users to apply, drawdown, and repay loans using their smartphone. Once an individual is verified, lending decisions are made based on an assigned risk rating.

What can you use Umba for? Various things, including:

• Obtaining a Mobile Money Loan: Apply for a mobile money loan in seconds and receive the funds in your M-Pesa account.
• Financing Utility Bills: Add your utility accounts in the Umba App and conveniently finance your water, electricity, internet bills, and more.
• Transferring Money: A secure and fast way to send money! Pay utility bills in other countries with just a few taps.

Earn N250 for every friend you refer to Umba!

Getting started is simple:

1. Create your account
2. Apply in seconds
3. Receive an Umba Loan
4. Increase your loan limit every time you repay a loan on time

Key Features of Umba:

• Loans are easily accessible via the Umba app, allowing you to apply for credit wherever you are, 24/7.
• No need for paperwork, collateral or office visits.
• Use your Umba loan to send money directly to your M-Pesa account, merchants, or utility providers.
• No late charges or rollover fees.
• As you repay your loans, gain access to larger loan amounts, lower fees, and flexible payment terms.
• Quick approval and disbursement of loans.
• Get the credit you need to build the life you want, whether it's for your business, home, family, or personal needs.

Referral Program:

Earn N250 for every friend and family member you refer to Umba using your unique referral link or UmbaTag. The person you refer will also receive N250. Grow your wealth and the Umba community!

Rates and Fees:

Loan amounts and interest rates vary by country. Limits and fees on transactions depend on the type of transaction, including transaction history, payout location, payment instrument, and delivery method.

• Kenya: Loans are not currently available in Kenya.
• Nigeria:
• • Minimum and maximum repayment period: 62 days
  • Maximum APR = 10%
  • Additional fees: None
  • For example, for a loan with a principal amount of 10,000 Nairas, there is an applicable fee of 10% (1,000 Nairas) and the total amount due would be 11,000 Nairas.
  • No late fees, rollover charges or origination fees. Currently, our loan amounts range from 2,000 to 30,000 Nairas.

Contact Us:

We value our customers' feedback, so please don't hesitate to reach out with any questions or comments.

• Questions? Our Customer Experience Team provides excellent support for your financial needs, from 8AM-5PM, Monday through Friday. Message us within the app and receive an answer in minutes!
• Email: support@umba.com
• Facebook: facebook.com/umbamobile
• Website: www.umba.com