MTN MoKash review

Updated September 28, 2026 · BorrowCue Editorial Team · Facts checked September 26, 2026

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Our verdict

MTN MoKash suits adults in Uganda who already hold an active MTN Mobile Money account and need a small amount the same day. Its UGX 3,000 to UGX 3,000,000 range, fixed fixed pricing and a facility fee of 9% make it a wallet-based short-term facility, not a long personal loan.

Key facts

Best for
Small, fixed-price advances paid straight into an MTN Mobile Money wallet.
Loan amount
UGX 3,000 to UGX 3,000,000 (Source, checked September 26, 2026)
Term
30 months (Source, checked September 26, 2026)
Arrangement fee
9% facility fee on the full loan amount, paid in arrears; 9% roll-over fee on the outstanding amount if unpaid after 30 days (Source, checked September 26, 2026)
Funding time
Credited straight to the MTN Mobile Money wallet on disbursement (Source, checked September 26, 2026)
Rate type
Fixed (Source, checked September 26, 2026)
Lender type
Direct lender (Source, checked September 26, 2026)
Free early repayment
Yes (Source, checked September 26, 2026)
Eligibility
18+ and a registered, active MTN Uganda Mobile Money subscriber (Source, checked September 26, 2026)
Origination fee (%)
9% (Source, checked September 26, 2026)
Loan types
Personal, Payday, Credit-line (Source, checked September 26, 2026)
Legal entity
MTN Uganda Limited (Source, checked September 26, 2026)
Headquarters
Uganda (Source, checked September 26, 2026)
Founded
1998 (Source, checked September 26, 2026)
Support channels
Email, Chat, Phone, Help-centre (Source, checked September 26, 2026)
Pricing model
Fixed rate
Features
Same-day funding, Credit line
Official website
mtn.co.ug

Apps and profiles

Elsewhere
WikidataWikipediaLinkedInX

Pros and cons

Pros

  • Fixed fixed pricing on a 30 term, so the cost does not drift with a variable rate
  • Same-day funding: money is credited to the MTN Mobile Money wallet on disbursement
  • Free early repayment, so settling early costs nothing extra
  • Direct lender under MTN Uganda Limited, with a Bank of Uganda licence, 80010000662490

Cons

  • A facility fee of 9% on the full amount, paid in arrears, on top of a 30 term
  • A roll-over fee applies to the outstanding amount if a balance stays unpaid after a month
  • Support runs on email, chat and phone, and lending is confined to registered MTN Uganda Mobile Money subscribers
MTN MoKash

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Who it suits

  • Adults with an active MTN Uganda Mobile Money account who need a small same-day advance
  • Borrowers who can clear the balance within the 30 term
  • Anyone comfortable paying a facility fee of 9% on the full loan amount

Who should look elsewhere

  • Borrowers wanting a large, long personal loan, as the UGX 3,000 to UGX 3,000,000 ceiling is modest
  • Anyone outside Uganda or without an active MTN Mobile Money account
  • Lenders shopping for a variable-rate deal, since pricing is fixed

The company behind it

MoKash is run by MTN Uganda Limited, based in Uganda and part of a group founded in 1998. It lends as a direct lender, not a broker, and holds a Bank of Uganda licence under number 80010000662490. Help is available through email, chat and phone, so a borrower can reach a person by phone as well as in writing.

How MTN MoKash compares

Where MTN MoKash is available

Available
Uganda
Licence in Uganda
Bank of Uganda (80010000662490), checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

How much can I borrow from MTN MoKash?+

The UGX 3,000 to UGX 3,000,000 range covers personal, payday and credit-line lending, all at a fixed fixed. The minimum is small enough for an emergency, and the ceiling suits a short-term need rather than a large purchase or a debt consolidation plan.

What does MoKash cost to borrow?+

There is a facility fee of 9% on the full loan amount, charged in arrears over the 30 term. Interest is fixed, so the cost of the facility is known when you take it. Repaying early is free, which cuts the interest part of the bill.

What happens if I cannot repay on time?+

A roll-over fee of 9% applies to the outstanding amount when a balance is still unpaid after a month. On a 30 term that leaves little room to recover, so the wallet balance needs to cover the facility fee from the start.

How quickly do I get the money?+

Funding is same-day, and the money is credited straight to your MTN Mobile Money wallet on disbursement. There is no waiting period and no bank transfer step, which makes it practical for an urgent need in the short term.

Who can apply for a MoKash loan?+

You must be an adult and a registered, active MTN Uganda Mobile Money subscriber. That requirement narrows the pool considerably, and it also means the loan stays tied to the wallet where the money lands and where repayments are taken.

Is MoKash regulated and is my money protected?+

MoKash is a direct lender rather than a broker, and it holds a Bank of Uganda licence, licence number 80010000662490. The company behind it is MTN Uganda Limited, with a support line reachable through email, chat and phone.

Can I repay a MoKash loan early?+

Yes, early repayment is free, so there is no exit charge for clearing the balance sooner. With a 30 term and a fixed fixed, paying down early reduces the interest component while the facility fee on the full amount still applies.

Does MoKash offer anything other than a personal loan?+

Yes. Beyond personal loans, MoKash provides payday advances and a revolving credit line, so borrowers can draw small sums repeatedly rather than taking one larger facility. The same fixed pricing and the same facility fee structure apply.

Sources

  • mtn.co.ug/about-mtn checked September 26, 2026

    Backs: Founded, Headquarters, Legal entity

    “MTN was incorporated on 21 October 1998”

  • mtn.co.ug/helppersonal/mokash-faqs checked September 26, 2026

    Backs: Loan amount, Features, Free early repayment, Support channels

    “You can access a loan between UGX 3,000 and up to UGX 3,000,000 depending on your loan limit with a 9% facilitation fee.”

  • mtn.co.ug/terms-and-conditions/mokash-terms-and-conditions checked September 26, 2026

    Backs: Eligibility, Funding time, Lender type, Loan types, Pricing model, Arrangement fee, Origination fee (%), Rate type, Term, Licences

    “you must be at least 18 years old and a registered and active MTN UGANDA MOBILE MONEY Subscriber”

Compiled from 3 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: APR, Credit check, Representative example.

MTN MoKash

MTN MoKash

Small, fixed-price advances paid straight into an MTN Mobile Money wallet.

9.1/10See alternatives

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