Terms and Conditions
By accessing this web site, you are agreeing to be bound by these web site Terms and Conditions of Use, all applicable laws and regulations, and agree that you are responsible for compliance with any applicable local laws. If you do not agree with any of these terms, you are prohibited from using or accessing this site. The materials contained in this web site are protected by applicable copyright and trade mark law.
Intellectual Property rights : All copyrights, trademarks, patents and other intellectual property rights in and on our website and all content and software located on the site shall remain the sole property of our company or its licensors. The use of our trademarks, content and intellectual property is forbidden without the express written consent from the owner of this website.
YOU MUST NOT:
Republish material from our website without prior written consent. Sell or rent material from our website. Reproduce, duplicate, create derivative, copy or otherwise exploit material on our website for any purpose. Redistribute any content from our website, including onto another website.
Acceptable Use: You agree to use our website only for lawful purposes, and in a way that does not infringe the rights of, restrict or inhibit anyone else’s use and enjoyment of the website. Prohibited behavior includes harassing or causing distress or inconvenience to any other user, transmitting obscene or offensive content or disrupting the normal flow of dialogue within our website. You must not use our website to send unsolicited commercial communications. You must not use the content on our website for any marketing related purpose without our express written consent. Restricted Access We may in the future need to restrict access to parts (or all) of our website and reserve full rights to do so. If, at any point, we provide you with a username and password for you to access restricted areas of our website, you must ensure that both your username and password are kept confidential. Revisions. The owner of this website may change these terms from time to time and so you should check these terms regularly. Your continued use of our website will be deemed acceptance of the updated or amended terms. If you do not agree to the changes, you should cease using our website immediately. If any of these terms are determined to be illegal, invalid or otherwise unenforceable, it shall be severed and deleted from these terms and the remaining terms shall survive and continue to be binding and enforceable.
Limitation of Liability
THE MATERIALS AT THIS SITE ARE PROVIDED “AS IS” WITHOUT ANY EXPRESS OR IMPLIED WARRANTY OF ANY KIND INCLUDING WARRANTIES OF MERCHANTABILITY, NON INFRINGEMENT OF INTELLECTUAL PROPERTY, OR FITNESS FOR ANY PARTICULAR PURPOSE. IN NO EVENT SHALL THE OWNER OF THIS WEBSITE OR ITS AGENTS OR OFFICERS BE LIABLE FOR ANY DAMAGES WHATSOEVER (INCLUDING, WITHOUT LIMITATION, DAMAGES FOR LOSS OF PROFITS, BUSINESS INTERRUPTION, LOSS OF INFORMATION, INJURY OR DEATH) ARISING OUT OF THE USE OF OR INABILITY TO USE THE MATERIALS, EVEN IF THE OWNER OF THIS WEBSITE HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH LOSS OR DAMAGES.
Annual Percentage Yield
Your annual percentage yield, also known as APY, is the amount of interest your account earns in a year. When you sign up for a new savings account, it’s important to know the APY offered since it can have a big impact on how much money your savings earn.
Your balance is the amount of money you have in your savings account. It will change depending on if you withdraw cash, make additional contributions or accrue interest on what’s in the account
Appnomu often requires a minimum opening deposit, which acts as your balance for the length of the saving term with no additional contributions.
Most brick-and-mortar savings accounts require making a minimum deposit to open an account. Some high-yield savings accounts may require that you make a minimum deposit to open, as well as maintain a minimum balance to earn interest.
When you put your money in Appnomu, you earn a fixed interest rate for a specific amount of time on that initial deposit. You can’t withdraw your money or make additional contributions (without penalty) until that time is up, so your money is essentially locked away.
Saving term length
The amount of time your money sits in a savings account before you can touch it. Savings term lengths range between, one month, three months, six months and one year, and usually the longer the term, the higher the APY you earn.
Early withdrawal penalty
Typically, you can’t access your money before your savings term ends, or you’ll get hit with an early withdrawal penalty. The penalty fees can vary depending on your savings and your savings term length, but it’s usually the interest earned, or the interest that you would have earned, over a certain number of days or months.
A fixed APY does not change. Whereas brick-and-mortar and high-yield savings offer variable APYs, Appnomu offer account holders a fixed APY that they are locked into for the duration of their saving term.
A grace period is the amount of days after a saving term ends where users can either withdraw their funds or deposit more money into their account penalty-free.
The maturity date is the date that your Savings term ends. At this point when the term length is over, savers can withdraw their funds penalty-free. The money they get back includes their initial deposit, plus the interest earned over time. If you don’t need the money, you can also renew the saving term for the same amount of time or transfer it to a new saving plan.
Instead of going to the bank to deposit a check, you can use your mobile app to save and have the funds immediately deposited into your account. It can sometimes take a day or two for the funds to be accessible.
Micro Loans with Mobile Banking – Appnomu Microfinance Uganda
Welcome to Appnomu Microfinance. We offer micro loans for mobile banking customers, Utility payment on loans like electricity, tv subscriptions, water bills from NWSC, domestic money transfer and gift card s. This Terms of Service (“Agreement”) is a contract between Appnomu Business Services and you (“you”) and governs your access and use of the Appnomu website, including all transactions conducted on this website and all additional services provided in connection with this website.
By accessing or using the Appnomu website, you acknowledge that you have read all the terms of service in and linked to this Agreement, and you agree to be bound by this Agreement, whether or not you utilize the services you can access or use on this website. If you do not agree with the terms of service, please do not utilize any of the services available on this website.
This Agreement may be modified by
Appnomu in its sole discretion over time, and any modifications will automatically become a part of this Agreement, effective once they are posted by Appnomu on the website. Your access to our services will be subject to any such modifications. You should review the website and this Agreement periodically so you are aware of any modifications. If you do not agree with any of the modifications, immediately terminate your registered Appnomu account and desist from using our services.
This Agreement is binding and can be enforced against both parties. Appnomu reserves the right to delegate, assign or otherwise transfer any or all the rights and duties under this Agreement. All rights not expressly granted herein are hereby reserved. The headings within this Agreement are for reference purposes only and do not define, limit, construe or describe the scope or extent of each section.
Getting Access to Appnomu Services
In order to get access to Appnomu Services, you must have a registered Mobile account which bears your original name as per your identification card (or Passport / Voting Card or National ID). If your names do not match exactly, then you will be unable to use our services.
All our micro-loans are processed with a loan processing fee which varies upon increment in loans.
Loan Amounts and Duration
The minimum loan you can borrow is Ugshs3500, Once you have proven that you can complete the repayments on time, and at the correct amounts, you become eligible to access loans of higher value. The duration period for repayment of each loan is carried.
If for any reason, the principal loan amount is lost or stolen from your mobile device, as long as a confirmation message shows that you have accessed the funds, then you are liable to fully repay the loan as outlined in your repayment plan.
If you take out a loan, the repayment amount will increase as your loan values increase. Loans are to be repaid directly from the borrower to Appnomu. As a borrower repays the loan, Appnomu will keep a record of all repayments and shall provide a summary at the end of the loan period.
Credit Score and Fines
Failure to complete or meet your repayment deadline on time will result in a debt and a reduction of your credit score. If following 5 weeks, you have not been able to fulfill your debt, then