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Free
In Tanzania V1.1.4
5.0 (1 million +)
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for Andriod
Free
In Tanzania V1.1.4
5.0 (1 million +)
Security Status
In Tanzania, the use of online loan apps has become increasingly popular. These apps provide quick and convenient access to loans for individuals and small businesses. However, it is important for borrowers to understand the interest rates and fees associated with these apps to make informed decisions. In this article, we will explore the legal online loan apps in Tanzania and delve into the details of their interest rates and fees.
M-Pawa is a popular online loan app in Tanzania that allows users to borrow money directly from their mobile phones. The interest rate for M-Pawa loans is 9% per month, which translates to an annual percentage rate (APR) of 108%. Additionally, M-Pawa charges a one-time processing fee of 5% on the loan amount.
Tala is another well-known online loan app in Tanzania. The interest rate for Tala loans ranges from 7% to 15% per month, depending on the borrower’s creditworthiness. The APR for Tala loans can vary from 84% to 180%. Tala also charges a one-time processing fee of 5% on the loan amount.
Branch is a popular online loan app that offers loans to individuals in Tanzania. The interest rate for Branch loans ranges from 12% to 27% per month, with an APR between 144% and 324%. Branch charges a one-time processing fee of 5% on the loan amount.
PesaPata is an online loan app that provides quick loans to individuals in Tanzania. The interest rate for PesaPata loans is 7.5% per month, resulting in an APR of 90%. PesaPata charges a one-time processing fee of 5% on the loan amount.
Timiza is an online loan app offered by Barclays Bank in Tanzania. The interest rate for Timiza loans is 9% per month, which equals an APR of 108%. Timiza charges a one-time processing fee of 4.95% on the loan amount.
KopaChapaa is a popular online loan app that provides loans to individuals in Tanzania. The interest rate for KopaChapaa loans is 15% per month, resulting in an APR of 180%. KopaChapaa charges a one-time processing fee of 5% on the loan amount.
When considering online loan apps in Tanzania, it is crucial to understand the interest rates and fees associated with each app. M-Pawa, Tala, Branch, PesaPata, Timiza, and KopaChapaa are among the legal online loan apps available in Tanzania. Each app has its own interest rates, processing fees, and repayment terms. By being aware of these details, borrowers can make informed decisions and choose the loan app that best suits their financial needs.
Free
In Tanzania V1.1.4
5.0(1 millón +)
Security Status
for Andriod
Free
In Tanzania V1.1.4
5.0 (1 million +)
Security Status
PesaX – safe, transparent and trustworthy, the first choice for online loans in Tanzania.
PesaX – safe, transparent and trustworthy, the first choice for online loans in Tanzania.
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