Cente Mobile Loans

The CenteMobile Loan service is a micro loan service that can be accessed via USSD (*211#) and the CenteMobile Application. This self-service opt-in product enables customers to conveniently access small quick loans instantly for purposes of emergencies.

Product Features

  • Minimum Loan amount of Ushs 5,000 and Maximum of Ushs 5 million
  • Loan can be accessed for a period of 1, 2 or 3 months.
  • Mode of repayment: One can pay in advance, on the due date or the system recovers automatically
  • Loan instalments are paid on a monthly basis
  • Interest rate charged is 7% per month for the selected loan tenure. Should you decide to settle your loan earlier than the set repayment/ maturity date, the interest for the entire loan period shall be applied at the time of offset. This will be regularly reviewed according to the prevailing market conditions.
  • Penalty calculation: 1% per day on outstanding balance upto a maximum of 15%

    Eligible customers:
  • Bank customers registered on CenteMobile
  • Existing borrowers
  • Non-borrowers with who receive salary through Centenary Bank.        


  • Quick and instant access to emergency loans for transport fare, fuel, hospital bills, utility bills, school fees etc. No long loan process involved
  • Convenient - Transact from anywhere, anytime using a mobile phone
  • No loan apllication and processing fees
  • No security required but based on customer's banking and credit history
  • Available for both USSD *211# and centemobile App                                                                                                                                                    


  • A personal account registered on CenteMobile
  • Financial Card. This card holds the number used to report one's credit information to the credit reference bureau. It includes information on your payment records for all loans processed through any financial institution. These records can be accessed by any bank while assessing your credit worthiness to borrow. It is therefore important to pay all your loans on time in order to ensure you have a good credit history.

Note: In case of further inquiries about the service, please visit the nearest branch or call 0800200555.