Buy Now, Pay Later
Buy Now Pay Later, is an alternative payment method that allows customers to make purchases and pay for them in installments over time, rather than paying the full amount upfront. It essentially provides short-term financing for purchases.
Asaak
Featured
- From boda bodas to smartphones, Asaak finances the tools you need to get the job done
- Boda Boda Loan :Pay an initial deposit and sign-up for a flexible payment plan and own your own boda in 12, 24 or 30 months.
- Fuel Loan : Stop running out of fuel on a ride, buy fuel on loan with an Asaak Fuel Card. Our cards work at any petrol station, allowing you to keep moving when it matters most.
- Smartphone Loan :Join the mobile generation with an Asaak Smartphone Loan. Asaak offers the latest and greatest phone models, fit for your budget
Benefits
- Road safety training
- Growth opportunity when loan limit increases
- Financial stability & inclusion
- Quick loan processing
- Flexible terms
- Low Interest rates
How To Apply
- Download Asaark App. (Fill out form).
- An Assak Credit officer will work with you two verify your information
- Once approved you are invited to our offices to pick boda boda, smartphone or fuel card
- Once you pay back, you will increase your Asaak Credit Score.
- Applicants must be 18 years and above
- Applicant must hold a National I.D
- Proof of residence
- Proof of income
- Guarantor needed.
- Bank statement
Kwata Essimu
Featured
- Kwata Essimu is an Airtel campaign that aims to avail customers the opportunity to own a smartphone through device financing.
- Customers who use the Kwata Essimu service will be able to pay for the device(s) overtime and own selected brands and models of brands such as TECNO, Samsung, Nokia, Infinix or Itel depending on the models available by the vendor at the time of purchase.
- Offer is on selected devices provided by the partner at the time of purchase
- Selected models are defined by Airtel’s Kwata Essimu partner and change from time to time.
- Customer is required to deposit an initial payment, thereafter, start making daily, weekly and monthly installments.
- The initial installment fee may vary from model to model but is most commonly 30% of the device price.
- One must have a valid National ID
- One must have the initial deposit
Lipa Later
- Use Lipa Later to purchase products and pay back in installments
- Zero Down Payment: Customers can get a product without paying an upfront fee, starting payments only after receiving the product.
- No Hidden Charges: The service is transparent, with no extra fees or hidden costs.
- Wide Product Range: Access to a variety of products from partner merchants across Uganda.
- Multiple Payment Options: Payment via MTN mobile money, Airtel money, bank transfers, or direct payment through the Lipa platform.
- Flexible Repayment Plans: Options for repayment periods like 3 months, 6 months, or 12 months.
- To prove your identity, you can either share with us your National id or your driver’s license.
Kweli Shop
- Choose a flexible payment option that works for you ; How often do you want to save? · Monthly Weekly ; How many times do you want to save?
Products Offered:
- Solar Power: Monocrystalline and Polycrystalline Solar Panels, Lithium, Gel, Tubular, and SMF Deep Cycle Batteries, Complete Solar Systems, Hybrid and Off-grid Solar Systems, Power Backup Systems, UPS.
- Laundry: Washing Machines (including commercial), Laundry Dryers, Garment Steamers, Flat Irons, Washing Machine Detergent.
- Kitchen Appliances: Cookers (Lovens), Built-in Hobs, Chimney Hoods, Refrigerators, Chest Freezers, Display Coolers and Freezers, Water Dispensers, Coffee Makers, Bakeware, Electric Kettles, Pressure Cookers, Air Fryers, Deep Fryers, Blenders, Juice Extractors, Meat Mincers, Mixer Grinders, Complete Gas Kits, New Gas Cylinders.
- Air Conditioning & Cooling: Wall Split AC, Ceiling Cassette AC, Portable AC, Fans.
- Televisions & Entertainment: Smart TVs, Digital TVs, QLED TVs, Nanocell TVs, DSTV Decoders, DVD Players/Recorders, Home Theatre Systems, Sound Bars.
- Computers & Printers: Laptops, Desktops, Printers (including Photocopy machines, EcoTank, and Photo printers).
Payment Methods:
- Flexi Pay: Available via USSD code (*291# for MTN & Airtel) or through the Flexi Pay App.
- Mobile Money: Through Flexi Pay’s merchant option (*291# Pay Merchant).
- Card Payment: Debit/Credit cards (Visa & Mastercard) are accepted, with payments secured by Flutter wave.
- Bank Deposit: You can pay for your order by depositing money directly into their bank account.
- Payment on Delivery: Available via Flexi Pay, Mobile Money, or Cash.
- To prove your identity, you can either share with us your National id or your driver’s license.
MTN Pay Mpola Mpola
- Allows MTN customers to purchase data-capable devices bundled with data with a manageable initial payment.
- Payment up to 6 months
- The balance is to be paid in multiple monthly instalments thereafter.
- For the start, only one device (branded MTN Kabode) is available for purchase through the MTN Pay Mpola Mpola Service.
- The scheme is available to customers on the MTN network.
- Device payments are covered by an MTN return policy and come with a 1-year manufacturer’s warranty
- Eligibility is guided by a customer’s age on the network, as well as their usage of MTN services over an extended period.
M-KOPA
- M-KOPA gives flexible daily payments for the everyday earner, making it easier to own devices and unlock progress.
Products Financed:
- Solar Power Systems: Providing off-grid energy solutions with solar panels, batteries, and lights for homes without electricity access.
- Smartphones: Offering smartphones on a payment plan, making them accessible to low-income individuals who can’t afford the upfront cost.
- Home Appliances: Expanding beyond solar and phones to include appliances like fridges and TVs.
How M-KOPA Works:
- Choose your product: Select from solar power kits, smartphones, or appliances.
- Pay as you go financing: Make regular payments (daily, weekly, or monthly) via mobile money.
- Payments until total price is covered: Continue payments until the full cost of the product is paid off.
- Lease-to-own: This is a lease-to-own arrangement, meaning you don’t own the product outright until all payments are completed.
- 100% ownership after final payment: Once the last payment is made, you gain full ownership of the product.
- Registration: Sign up for the service by calling their helpline or visiting retail locations where M-KOPA products are sold.
- Basic Information: You’ll need to provide basic personal details, including your National ID and proof of income/mobile money details.
Pay later Uganda
- Shop thousands of top brand electronics, furniture, appliances & more.
- The application process is online and described as easy.
- Upon acceptance, agents will contact you within 24 hours.
- You’ll sign an electronic lease agreement and pay the first installment to arrange delivery.
- After receiving the product, you’ll make affordable monthly payments for 6 months, after which you own the item.
Categories (Items) Available:
- Smartphones
- Mattresses
- Televisions
- Carpets
- Audio appliances
- Car tires
- Laptops
- Davis & Shurtleff
- Printers
- Kitchen appliances
- Registration on the website is necessary.
- You need to provide a copy of your latest 6-month bank statement.
- A copy of your National ID is required (or Passport for foreigners).
- Must be 18 years or older.
- You must agree to and comply with the company’s privacy policy regarding electronic data collection.
- Provide accurate, complete, and current information when creating an account. Failure to do so is a breach of terms and may lead to account termination.
- You are responsible for keeping your password secure.
- You must not share your password with any third party.
- The company does not guarantee against data loss or corruption, although regular backups are performed.
- The company will provide support for known and discovered issues affecting the service and content backups.
- You should maintain an independent backup of your important information.
- By placing an order, you confirm you are legally able to enter into binding contracts.
- You must provide information including your name, email, phone number, credit card number, expiration date, and billing address (this seems contradictory as it’s a “pay later” service, suggesting card details might be for verification or future payments).
- You guarantee you have the legal right to use any payment method you provide.
Tugende
- Lease to Own: Customers gain full ownership of the asset after completing the agreed-upon payment plan.
- Wide Range of Assets: Financing available for vehicles, business equipment, and smartphones.
- Support Services: Includes training, life and medical insurance, safety gear, and assistance with obtaining necessary licenses.
- Digital Platform: Offers a digital platform for application and potentially managing the financing process.
Assets Financed:
- Cars
- Motorcycles (Bodas)
- Smartphones (for existing clients)
- Salon equipment (for existing clients)
- Shop fridges (for existing clients)
- Sewing machines (for existing clients)
- Boat Engines (for new clients)
- Matatus (for new clients)
- Special Hire Taxis (for new clients)
- Eligibility: Primarily targets self-employed individuals with a stable income.
- Application: Must be submitted through Tugende’s digital platform or at a branch location.
- Guarantors: Requires two individuals who can vouch for the applicant’s financial responsibility.
- Background Check: A background check will be conducted.
- Minimum Deposit: A minimum deposit of UGX 1,000,000 is required on your Tugende account.
- Payment Plan: Upon approval, you will receive a detailed asset payment plan.
Watu
- Fast Processing Time: Loan processing within 2 hours.
- Flexible Payment Plans: Up to 24 months for general asset financing.
- GPS Tracking: Service included for financed assets (likely vehicles and motorcycles).
- Variety of Boda Models: Customers can choose from different motorcycle models.
Items Available:
- Phones (Watu Simu): Financing for a select range of Samsung Galaxy smartphones, available at selected posts.
- Cars (Watu Gari): Financing for vehicles.
- Boda (Klaty Boda): Financing for motorcycles
Watu Simu (Phone Financing) Specifications:
- Limited Phone Selection: Finances only a specific range of Samsung Galaxy phones.
- Warranty: Devices have a 2-month manufacturer’s warranty.
- Loan Term: 52 weeks (1 year) with weekly payments.
- PAYG (Pay-As-You-Go): Offers a flexible payment plan.
- Quick Approval: Pre-approval upon application with a 5-minute verification process.
- Supported Samsung Models: Galaxy A03 Core, A04E, A04S, A04, A14, A24, A34.
- Payment Methods: Via Airtel Money or Yo Pay.
- Device Locking: Failure to make timely weekly payments as per the agreement will result in the device being locked.
- Stolen Phone Procedure: Contact customer care and obtain a police abstract with the device’s IMEI from the nearest police station.
Watu Gari (Car Financing):
- High Financing Percentage: Finances up to 80% of the vehicle’s market value.
- Competitive Interest Rates: Monthly rates at 2.5%.
- Flexible Repayment Period: Ranging from 6 to 60 months.
- Comprehensive Insurance Included: Motor insurance is part of the loan principal.
- Same Day Loan Processing: Very fast processing for car loans.
- National ID of both the borrower and guarantor.
- Guarantor aged between 20 and 65 years.
- Two referees.
- Registered Mobile Money account number.
- Agreement signing.
- Minimum initial payment (specific amounts mentioned for IM 4GX phone or 6ook EV bike).
- No guarantor required for EV bikes.