Rafiki - Instant Personal Loan

About Rafiki - Instant Personal Loan

Welcome to Rafiki, your trusted companion for instant personal loans in Tanzania. With Rafiki, accessing financial support has never been easier. Whether you need funds for emergencies, business investments, education expenses, or any other purpose, Rafiki is here to help. Our user-friendly app provides seamless access to personal loans ranging from 1,25,000 Tsh to 10,00,000 Tsh, with flexible repayment options spanning 3 to 6 months and competitive rates of interest ranging from 14% to 28%.

Rafiki prioritizes simplicity, speed, and security, ensuring that the borrowing process is convenient and stress-free for our users. Through our mobile app, you can apply for a loan in just a few simple steps, without the need for extensive paperwork or long waiting periods. Our advanced technology allows for quick loan approvals, enabling you to receive the funds you need when you need them the most.

Key Features:

- Instant Personal Loans: Rafiki offers instant personal loans tailored to your financial needs, providing access to funds ranging from 1,25,000 Tsh to 10,00,000 Tsh.
- Flexible Repayment Options: Choose a repayment tenure that suits your budget and preferences, with repayment periods ranging from 3 to 6 months.
Competitive Interest Rates: Benefit from competitive rates of interest ranging from 14% to 28%, ensuring affordability and transparency throughout the loan tenure.
- Simple Application Process: Applying for a loan with Rafiki is quick and easy. Simply download the app, complete the online application form, and receive instant approval.
- Secure Transactions: Rest assured that your personal and financial information is kept secure through advanced encryption technology, ensuring confidentiality and privacy at all times.
- 24/7 Customer Support: Our dedicated customer support team is available to assist you with any queries or concerns you may have regarding your loan application or repayment process.

How to Apply?
Download the app from the Google Play store and input your details just once.
Get an instant loan approval.
If approved, the loan amount is transferred to your mobile wallet account instantly.
Minimum repayment period: 91 days
Maximum repayment period: 180 days

Rates and Fees:
Loan Amount: Tsh 1,25,000 - Tsh 10,00,000
Loan Term: 91 days to 360 days
Annualized Interest Rate: 14% - 28% p.a

Example
Principal amount: Tsh 1,50,000
APR: 15%
Loan repayment period: 4 months

Total interest = Principal amount * APR * (Loan repayment period / 12)
Total interest = Tsh 1,50,000 * 15% * (4 / 12)
Total interest = Tsh 7,500

Total repayment amount = Principal amount + Total interest
Total repayment amount = Tsh 1,50,000 + Tsh 7,500
Total repayment amount = Tsh 1,57,500
Monthly installment amount = Tsh 39,375

So, the total repayment amount for the installment loan with a principal amount of Tsh 1,50,000 over a loan repayment period of 4 months, with an APR of 15%, would be Tsh 1,57,500

Loan Eligibility Requirements:
You must be at least 18 years of age to use our Services.
You must be a citizen or legal resident of Tanzania.
You need a mobile money account registered in your name.
You should have a national ID & should be a resident of Tanzania.

Contact Us:
Email id - [email protected]
Customer Support No - +255 699 999 300
Timing - Monday to Friday ( 9.00 am - 6.00 pm)

Website : https://rafiki.airpay.tz/

Privacy Policy: https://rafiki.airpay.tz/privacy-policy
Terms & Conditions: https://rafiki.airpay.tz/terms-conditons