Amibillion: Instant Loan App 1.0.9

AmiBillion is a direct lending application tailored for users in Uganda, emphasizing the provision of reliable loan services. The app aims to offer safe and expedient borrowing solutions to assist users in navigating urgent financial challenges.

Users can apply for loans ranging from 50,000 to 800,000 UGX. The straightforward application process consists of three steps: online application, approval, and loan disbursement. Notably, no collateral is required, and users can complete the process without leaving their homes. Additionally, AmiBillion does not impose prepayment penalties, creating a user-friendly borrowing experience.

The commitment of AmiBillion lies in providing competitively priced loan products with low-interest rates, which can significantly alleviate repayment stress. The platform promotes affordability with transparent terms crafted to meet diverse user needs.

Typical use cases for loans from AmiBillion include:

• Working capital for businesses
• Credit card debt consolidation
• Medical expenses
• Travel and vacation planning
• Educational costs for children
• Celebrating birthdays
• Everyday essentials
• Home renovations

AmiBillion may benefit the following groups:

• New mothers managing expenses related to infant care
• University students seeking funds for education or personal needs
• Self-employed entrepreneurs facing cash flow challenges
• Low-income blue-collar workers concerned about family expenses
• Low-income white-collar workers in need of funding for daily necessities

The platform boasts several key features:

• 24/7 Online Application: Available at any time without the need for physical meetings.
• Low-Interest Rates: Loans come with transparent rates starting at 0.1238% per day and an APR beginning at 45.187%.
• No Collateral Required: Loans are approved quickly, with disbursement occurring on the same day as approval.
• Convenient Repayment Options: Multiple repayment methods are available, including mobile money (MTN Mobile Money, Airtel Money) and bank transfers.

The product specifications include:

• Eligibility: Applicants must be at least 20 years old.
• Loan Amounts: Range from 50,000 UGX to 800,000 UGX.
• Loan Term: Terms range from 61 days to 180 days.
• APR Range: Between 45.187% and 73.5%.

An illustration of interest calculation is as follows: For an 180-day loan of 800,000 UGX, the total interest amounts to 178,272 UGX at a daily interest rate of 0.001238 and an APR of 45.187%. The total repayment (principal plus interest) will be 978,272 UGX.

AmiBillion facilitates repayments through various channels such as mobile money and bank transfers, enhancing user convenience.

If you require further information or assistance, you can contact their customer support at:

• Email: [email protected]
• Customer Service Center: Lokwang Road, Moroto District, Uganda
• Privacy Policy

AmiBillion positions itself as a trusted platform in lending—allowing users to borrow with confidence while effectively addressing their financial needs.