Parallel Card

NANO MICROFINANCE

2014

Loan amoun

200,000 UGX - 1,000,000 UGX

Loan term

180 days - 280 days

Fire Loan interest rate

APR: 12% - 30%

Loan service fees

200 UGX

Registration requirements

All you need is the phone number

Payment support

Fast bank payment

Apply Now

Version:

1.5

Support:

Android 7.0 and up

Updated Date:

Nov 27, 2025

Downloads:

100K+

Size:

45,2MB

Email:

[email protected]

Hotline:

+256 0741998072

Website:

https://www.parallelcard.com/

Working hours:

Monday - Friday (08:30 - 16:00)

Address:

300 metres off the, Kampala - Entebbe Rd, Kitende, Uganda

Information

Registered Operating Area

Operating in Uganda

Registration Age Requirement

Customers must be at least 18 years old to be eligible for a loan

Income Requirement

Proof of income is required to ensure the ability to repay the loan

Phone Number Requirement

A valid phone number is required to register for a loan

Repayment Method

Bank transfer repayment

Document Requirement

Only a government-issued personal ID is required

Initial Registration Loan Amount

200,000 UGX – 1,000,000 UGX

First Loan Interest Rate

Variable interest rate from 1% – 12%

New Customer Promotion

New customers can borrow without providing income proof

Loan Interest Rate

Applied rate: 12% – 30% per year

Loan Term

180 days – 280 days

Approval Time

Loan approval takes approximately 25 minutes

Loan Service Fee

200 UGX – 500 UGX

Late Payment Fee

300 UGX penalty for the first overdue occurrence

Parallel Card is a flexible personal credit product designed to provide customers in Uganda with a fast and convenient financial solution. With a pre-approved credit limit, users can proactively manage their cash flow according to their personal needs, without complicated procedures.

After the credit limit is approved, you can withdraw funds at any time, make multiple withdrawals, and use only the amount you actually need within the approved limit. Interest is calculated only on the amount withdrawn and for the period of time it is used, helping you effectively control borrowing costs.

Screenshot 1737

Key Advantages of Parallel Card

No fees when not in use Once your credit limit is approved, you will not incur any fees if you do not make a withdrawal.
Long and flexible repayment period You are allowed to borrow and repay at any time within the agreed maximum term, with no prepayment penalties.
Convenient revolving credit limit After repayment, your available credit limit is restored immediately, allowing continued use without reapplying.
Transparent and easy cost management Interest is charged only on the actual amount withdrawn and the duration of use, enabling safe, effective, and transparent financial management.

See More:

Loan Calculator

Based on the loan amount

I want to borrow

Term / Days

%/day

Loan Amount

10 000 000 $

Interest

70 000 $

Total Repayment

10 070 000 $

Annual Interest Rate

18 %

Apply Now

Number of Loans

Author: Sabiha Sathi

Sabiha Sathi is an experienced financial expert in the fields of credit and lending, currently serving as the Content Manager for the website. With a user-centric approach, she focuses on sharing carefully curated information about trustworthy online loan applications and is committed to delivering clear, fast, and effective borrowing solutions tailored to specific financial needs.