What is the loan amount on PesaX Loan App in Tanzania?
If you’re looking for a reliable loan app in Tanzania, PesaX should be on your list. This loan app has become popular in Tanzania due to its ease of use and accessibility. However, one common question that potential borrowers ask is about the loan limits. So, what is the loan limit of PesaX loan app? In this article, we will explore everything you need to know about the loan limits of PesaX.
What is PesaX?
PesaX is a loan app that offers quick and easy loans to individuals in Tanzania. The app is available for download on Android devices and can be accessed anywhere in the country. With PesaX, borrowers can apply for loans ranging from TSH 20,000 to TSH 1,000,000. This range makes the loan app an ideal option for those looking for small to medium-sized loans.
Online Credit Loans
Loan Amount
TZS 1,200,000
Quick Payment In
5 Minutes
Factors that Affect Loan Limits
The loan limit of PesaX is not fixed, and it can vary depending on several factors. Some of these factors include the borrower’s credit score, income level, and past borrowing history on the app. The loan app uses these factors to determine the level of risk involved in lending to a particular individual. Higher-risk borrowers may receive lower loan limits, while lower-risk borrowers may receive higher loan limits.
How to Increase Loan Limits on PesaX
If you’re a PesaX user and you want to increase your loan limit, there are several steps you can take. First, ensure that you have a good credit score by paying your loans on time and avoiding defaults. Second, increase your income level since higher income levels indicate a lower risk of default. Finally, build a good borrowing history on the app by paying your loans on time, and this can help increase your loan limit over time.
How to Apply for a Loan on PesaX
To apply for a loan on PesaX, you need to download the app on your Android device. Once you’ve downloaded the app, create an account and complete the application form. The application form requires you to provide basic information such as your name, phone number, and email address. After submitting your application, the loan app will review your application and determine your loan eligibility.
Repayment Terms
PesaX offers flexible repayment terms to its borrowers, with loan tenures ranging from 14 days to 90 days. The interest rates are also competitive, starting from as low as 2% per month. Borrowers can choose to repay their loans in installments or as a lump sum, depending on their preference.
Conclusion
In conclusion, PesaX loan app offers loans ranging from TSH 20,000 to TSH 1,000,000, depending on several factors such as credit score, income level, and past borrowing history. To increase your loan limit, ensure that you have a good credit score, increase your income level, and build a good borrowing history on the app. With PesaX, borrowers can enjoy flexible repayment terms and competitive interest rates.
PesaX - Online Loan applicaition
5.0(1 millón +)
Security Status
PesaX - Online Loan applicaition
5.0 (1 million +)
Security Status