Sava Loan

About Sava Loan

Introducing Sava Loan – Your Financial Partner
📢 Are you a working professional or a small business owner in Tanzania? Sava Loan is here to empower you!

Sava Loan is your go-to instant loan app designed for hardworking individuals and small businesses. With Sava, you can access non-collateral loans instantly, right into your mobile money account. Whether you're a salaried professional or a SME business looking to scale, Sava is your trusted financial solution.

Why Choose Sava Loan?
👍 Easy, Fast, and Convenient: Get the funds you need in minutes.
👍 Loan Amounts: Borrow between Tsh 50,000 and Tsh 2,000,000.
👍 Hassle-Free Application: Simply download the Sava Loan App from Google Play, fill in your details, and you're good to go!

Key Features:
📌 No paperwork or office visits needed
📌 Loan approval within minutes
📌 Trusted and Reliable 24/7
📌 Transparent process with no hidden charges or fees
📌 Monthly interest rates ranging from 3% to 5%, equivalent to APR ranging from 36% to 60%
📌 Easy account registration and setup
📌 Loan Terms: 2 months to 12 months

Depending on your loan amount and account category, you can have access to a repayment period of up to 12 months. Rest assured, there are no hidden transaction fees – we believe in transparency!

Loan Example (Amount in TZS):
This illustration considers the loan amount given to be 200,000/=
▪️ Loan amount: Tsh 200,000/=
▪️ Loan monthly rate: 5% per month
▪️ Management Fee:7.2% = This covers Application, Processing, Credit ▪️ reference Report and mobile transaction fees for disbursement and collection fee.
▪️ Insurance: 0.6%
▪️ Tenure: 4 months
▪️ Repayment Schedule: approximation to nearest 1,000/=
------->First Month Installment = 56,000/=
------->Second Month Installment = 56,000/=
------->Third Month Installment = 56,000/=
------->Second Month Installment = 56,000/=
Total Loan Repayment Amount: Tsh. 224,000/=
APR – 60%


Eligibility Criteria:
✔️ Must be a Sava Loan Registered User
✔️ Must request the loan using the Sava Loan application
✔️ Must fill in all the required information during the loan application process
✔️ Loan must be reviewed by the Sava ambassador before the transaction is sent to your mobile number.
✔️Anyone aged 18 years and above, with a mobile money account and a NIDA registration number, is eligible for an instant loan through our application.

Your data is secure, and your privacy is our priority. For in detail Sava-tech privacy
policy follow the Link
https://sava.co.tz/privacy-policy/

Information Required:
Sava boasts a seamless and rapid verification process, making it one of the best online loan apps in Tanzania. To access instant personal loans, provide the following details: -
▪️First Name: As it appears on your official identification.
▪️Middle Name and Surname: Complete names as per your NIDA ID.
▪️NIDA ID Information: Your National Identification Authority number (NIN) for verification.
▪️Profile Photo: A recent photograph for identification purposes.
▪️Mobile Account Number: The mobile money account number where the loan amount will be disbursed.
▪️Fingerprint Verification: Biometric verification to ensure the security and authenticity of the application.

The entire process is 100% online and secure. Our dedicated support team is available round-the-clock to address any queries or concerns you may have.

🤝 Support:
For assistance, reach out to us at
📧 [email protected]
📲 +255 672 600 151.
🌍 Visit our website www.sava.co.tz.
📍 Find us at
Mikocheni B,
Mlalakuwa/Coca Cola Road,
Asia Street, Auditax House 1st Floor,
P.O Box 1286,
Dar es Salaam, Tanzania.

Experience financial freedom with Sava Loan today! 💪💸