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About SilkLoan

Silkloan is a new lending APP in Tanzania, which provides access to personal loans through our simple and secure online application process. Without any collateral, the users can get loan at the competitive rate without any hidden fees.

Product Feature:
Loan Amount: TZS 10,000 to TZS 100,000
Loan Term: 91-180 days
APR: 12%-20%

Example:
A user who get a loan with principal of TSZ 10,000 in one-installment.180 days loan payment term has an APR of 20%. The total interest should be TZS 10,000*20%/365*180= TZS 986. The total repayment amount is TZS 10,000 (principal amount)+TZS 986(total interest)=TZS 10986

Eligibility Requirements for SilkLoan
You should be minimum of 18 years or older to use our service.
You must be a Tanzania citizen or legal resident
You need mobile money account for the fund to be deposited

Why choose SilkLoan?
Free to use without hidden fees
Simple process & Efficient application review
Same-day access to cash
No paperwork required, no queues, collateral-free

How does SilkLoan work?
- Download the app and fill out online application form
- Get the loan approved and the loan are conveniently sent to your mobile account
- Repay with your mobile account.

Privacy:
The personal information will be highly secured. It won’t be shared with any third parties without your permission.

Contact Us：
Email: [email protected]
Customer care: 0676079770
Address: Sam Nujoma Road, Dar es Salaam, Tanzania

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Frequently Asked Questions(FAQ)

What is SilkLoan?

SilkLoan is a new lending APP in Tanzania, which provides access to personal loans through a simple and secure online application process.

What are the loan features offered by SilkLoan?

SilkLoan offers loans ranging from TZS 10,000 to TZS 100,000 with a loan term of 91-180 days and an APR of 12%-20%.

How is the interest calculated for a loan from SilkLoan?

The interest on a SilkLoan is calculated based on the principal amount, APR, and loan term. For example, a loan of TZS 10,000 with an APR of 20% and a 180-day repayment term would have a total interest of TZS 986.

What are the eligibility requirements for SilkLoan?

To be eligible for SilkLoan, you must be at least 18 years old, a citizen or legal resident of Tanzania, and have a mobile money account for the funds to be deposited.

Why should I choose SilkLoan?

SilkLoan is free to use without any hidden fees, offers a simple and efficient application review process, provides same-day access to cash, and requires no paperwork or collateral.

How does SilkLoan work?

To use SilkLoan, you need to download the app and fill out the online application form. Once your loan is approved, the funds are conveniently sent to your mobile money account. You can then repay the loan using your mobile account.

How is my privacy protected with SilkLoan?

Your personal information is highly secured and will not be shared with any third parties without your permission.

How can I contact SilkLoan?

You can contact SilkLoan by emailing [email protected] or calling customer care at 0676079770. The address is Sam Nujoma Road, Dar es Salaam, Tanzania.