Zimba Advance — Uganda's Fairest Savings-Backed Loan
Borrow up to 70% of your Zimba Growth Savings balance. 0% processing fee. Declining-balance interest — so you pay less as you repay. No collateral beyond your own savings.
Why Zimba Advance?
Your Savings Are Your Collateral
No land titles. No car logbooks. No guarantors. Your Zimba Growth Savings balance is all the collateral you need — borrow up to 70% of what you've saved.
0% Processing Fee — Always
Other lenders take 5–10% before you even see your money. With Zimba Advance, every shilling you borrow arrives in your wallet. Zero deductions.
Declining Balance — Fair Math
Interest is calculated only on your remaining balance — not the original amount. As you repay, you owe less interest. That's the math the way it should be.
Instant Disbursement
Approved in minutes, money in your mobile wallet instantly. Because emergencies don't wait for office hours.
Eligibility
- Active Zimba Growth Savings account with a balance
- Valid ID (NIN or Passport)
- Verified mobile number
- 18+ years old
Save First, Borrow Smart: The more you grow your Zimba Growth Savings, the higher your loan limit. No Growth Savings balance = no Zimba Advance. It's that simple.
Zimba Advance Examples
3.5% monthly declining balance — 0% processing fee
Save UGX 100,000 → Borrow UGX 70,000
Repay UGX 72,450
1-month term (3.5% on 70K)
Save UGX 500,000 → Borrow UGX 350,000
Repay UGX 362,250
1-month term
Save UGX 2,000,000 → Borrow UGX 1,400,000
Repay UGX 1,449,000
1-month term
⚠️ Late payments incur a 2% fee on the overdue balance only.
How to Apply
- 1
Open Zimba app and ensure you have a Growth Savings balance
- 2
Tap "Zimba Advance" and choose your loan amount (up to 70% of savings)
- 3
Review the declining-balance repayment schedule
- 4
Confirm and receive money in your mobile wallet instantly!
FAQs
What is the maximum I can borrow?
Up to 70% of your Zimba Growth Savings balance at the time of application.
What is the interest rate?
3.5% per month on the declining balance. No flat interest tricks.
What if I repay early?
No early repayment penalty. You only pay interest for the days you've held the loan.
What happens if I pay late?
A 2% late fee on the overdue balance. Contact us early and we'll work something out.