Ufone has revised its UAdvance package from Rs. 10 to Rs. 15 to be effective from June 1st, 2012.. The package has been renamed as UAdvance from Uloan.
The new service package will be charges at a service fee of Rs. 1.5 + tax of 19.5%. It means Rs. 10.5 will be disbursed to customers on the request of loan.
Despite a lot of criticism on the services as interest-based illegitimate in accordance with Islamic teaching, the package consumption has been increased on its facilitative nature of consumers.
This service was introduced in 2006. It was changed with loan and fee time to time.