In these Terms and Conditions, the following definitions apply:
By accessing or using this Platform, submitting a loan enquiry, or entering into any Agreement with Pico, you confirm that you have read, understood, and agree to be bound by these Terms and Conditions and our Privacy Policy.
If you do not agree with any part of these Terms, you must not use this Platform or apply for any of our Services. These Terms apply in addition to, and do not replace, the specific terms and conditions contained in any loan agreement you enter into with Pico.
Pico Financial Services Uganda Limited is a non-bank institution licensed and regulated by the Uganda Microfinance Regulatory Authority (UMRA) under the Tier 4 Microfinance Institutions and Money Lenders Act, 2016. We provide financial services including but not limited to:
Information on this Platform is for general guidance only and does not constitute a binding offer or guarantee of loan approval. All loan products are subject to credit assessment and eligibility requirements.
To be eligible to apply for a Pico loan product, you must:
Pico reserves the right to decline any application at its sole discretion without being required to state reasons.
The loan application process involves the following steps:
Submission of an enquiry does not constitute approval or commitment by Pico to lend.
Interest rates, fees, and other charges applicable to each loan product will be clearly communicated to you in writing before you are asked to sign any Agreement. No charges will be levied that were not disclosed to you at the time of your loan offer.
Interest rates may vary by product, loan term, amount, and individual credit assessment. Pico operates in compliance with all applicable UMRA guidelines on permissible lending rates for Tier 4 institutions.
In the event of late or missed repayments, default interest and penalty charges may apply. These will be specified in your loan Agreement.
Once you accept a loan offer, you are legally obligated to repay the full amount disbursed, plus interest and any applicable charges, in accordance with the repayment schedule in your Agreement. Repayment methods vary by product:
Failure to repay may result in penalty charges, referral to a credit bureau, recovery action, and legal proceedings. Pico will always seek to engage with clients experiencing genuine difficulty before escalating to enforcement.
As a client of Pico, you agree to:
Providing false or misleading information may result in immediate termination of your loan Agreement, demands for full repayment, and referral to relevant authorities.
All content on this Platform, including but not limited to text, graphics, logos, images, and design, is the property of Pico Financial Services Uganda Limited or its licensors and is protected by applicable copyright and intellectual property laws.
You may not reproduce, distribute, modify, or republish any content from this Platform without the prior written consent of Pico.
This Platform is provided on an "as is" basis. Pico makes no warranties, express or implied, regarding the accuracy, completeness, or suitability of information on this Platform for any purpose.
To the fullest extent permitted by Ugandan law, Pico shall not be liable for any indirect, incidental, consequential, or special loss or damage arising from your use of, or inability to use, this Platform or any content on it.
Nothing in these Terms limits Pico's liability for fraud, gross negligence, or any liability that cannot be excluded under applicable law.
This Platform may contain links to third-party websites for your convenience. Pico does not control, endorse, or accept responsibility for the content, privacy practices, or services of any third-party website. Accessing such links is entirely at your own risk.
Pico reserves the right to amend these Terms and Conditions at any time. Updated terms will be posted on this Platform with a revised effective date. Your continued use of this Platform or our Services following any amendment constitutes your acceptance of the revised Terms.
We recommend that you review these Terms periodically. Where changes are material, we will make reasonable efforts to notify existing clients.
These Terms and Conditions are governed by and construed in accordance with the laws of the Republic of Uganda. Any dispute arising out of or in connection with these Terms shall be subject to the exclusive jurisdiction of the courts of Uganda.
Where a dispute relates to a regulated loan product, you may also have the right to refer your complaint to UMRA in accordance with applicable consumer protection regulations.
If you have any questions about these Terms and Conditions, please contact us:
Our loan officers are here to guide you through every step of the process. Get started today.