2025 Update: Let’s talk about MoKash. If you’re like me, you want to save and borrow money without the headache of paperwork, queues, or awkward bank visits. That’s exactly what MTN’s MoKash does—and I’ve used it enough to tell you what’s hype and what’s real. Here’s my hands-on, no-nonsense guide for 2025, plus a few pro tips you won’t find on the promo posters. Want to compare MoKash with other digital loans in Uganda? I always check SenteGuide.com before I sign up for anything.
MoKash is a product of MTN Uganda and a partner bank, and it’s changed how I handle small savings and quick loans. It’s part of a bigger trend: telecoms like MTN and Airtel are moving beyond just airtime and data—they’re fighting for your wallet, too. If you want to see how Airtel’s Quick Loan stacks up, check out my Airtel Quick Loan review.
10 Things I’ve Learned About MTN MoKash (2025)
- MoKash is both a savings and a loan service. If you’re on MTN Mobile Money, you’re already halfway there. No bank account. No forms. No drama.
- Getting started is easy: Dial *165*5# and follow the prompts. You’ll be saving or borrowing in minutes.
- You can save tiny amounts—like UGX 50—or go big (up to UGX 10 million). And yes, you earn interest (up to 5%).
- Loans range from UGX 3,000 to 1,000,000. The cash hits your Mobile Money wallet instantly. No waiting, no “pending approval” nonsense.
- The catch? There’s a 9% fee for 30 days. Miss the deadline? Another 9% late fee. So set a reminder!
- No ledger or transaction fees. Moving money between MoKash and Mobile Money is totally free. That’s rare in Uganda.
- You get the full loan amount. Borrow 1,000, get 1,000. Repay principal plus fees in 30 days. Simple.
- Overpay? That extra cash goes straight into your MoKash savings. It’s automatic. I love this little touch.
- Your credit limit grows as you save. The more you stash away, the bigger your next loan can be. It’s like leveling up your financial game.
- There are other options! I’ve rounded up 9 platforms for quick, collateral-free loans in Uganda, and if you need an overdraft, check out my MoMoAdvance explainer.
How I Use MoKash (and How You Can, Too)
I just dial *165*5# on my MTN line. I can save, borrow, check my balance, repay loans, and more—right from my phone. For a step-by-step walkthrough, see my MoKash menu guide.
MoKash vs. Airtel Quick Loan: Which Should You Pick?
Let’s be real—MoKash isn’t the only game in town. Airtel’s Quick Loan is getting better every year. If you want to see how they compare, here’s my deep dive. Want more choices? Check out these 9 digital lenders or read about MoMoAdvance overdrafts for even more flexibility.
Bottom line: Mobile microloans are changing how we handle money in Uganda. I always compare my options, read the fine print, and use SenteGuide.com for the latest deals. Got questions or your own MoKash story? Drop a comment below or browse more guides on Dignited. We’re all figuring this out together.