Ustawi Loan

About Ustawi Loan

Ustawi Loan is an personal loan app in Tanzania, Provide users with unsecured loans, low interest rates and strong financial support.

(1) Product Details:
Loan Amounts from 50,000 TZS to 10,000,000 TZS.
Duration from 91 days to 365 days.
Min interest rate: Annual Interest rates 10%
Max interest rate: Annual Interest rates 26%
Processing fee : varies from 0% - 5%;

EXAMPLE OF COST OF LOANS,including all applicable costs:
Loan amount: TZS 200,000
Loan period: 91 Days
interest rate is 20% per year
Processing fee : 1%
After deducting the processing fee, the interest payable is as follows :
Interest = TZS 200,000 * 20% / 365 * 91 = TZS9,972.6
Processing Fee= TZS 200,000 *1% = TZS 2,000
Final amount to be paid after maturity = principal + interest + Processing Fee =TZS 200,000 + TZS 9,972.6+ TZS 2,000=TZS 211,972.6
Monthly repayment = TZS 211,972.6 / 3 = TZS70,657

(2)Apply Requirements:
Residents of Tanzania.
18-60 years old.
Have a stable job

(3)How to use:
Install app from Google play store
Register with a mobile number
Upload KYC documents and check your loan eligibility
Under review, the best loan amount is credited to your account instantly!

(4)Connect Us:
Any questions, contact us:
Timings: Monday to Sunday (08:30 - 18:30)
Email: [email protected]
Address: RDQ4+C1F, Mpwapwa Rd 12, Dodoma, Tanzania