TargetCredit

About TargetCredit

TargetCredit is a reliable loan app in Tanzania, dedicated to providing flexible and accessible financial solutions. Apply anytime, from anywhere, and receive loan amounts tailored to your financial needs. With fast approvals, a secure process, and dependable support, TargetCredit makes borrowing simple and hassle-free.

Product Features
-Loan Amount: Up to TZS 3,000,000
-Loan Term: 91 to 365 days
-Maximum Annual Interest Rate (APR): 12%
-Service Fee: 5%

Example Calculation
For a loan of TZS 3,000,000 with an APR of 12% and a tenure of 120 days, the service fee is 5%.

Daily Interest Rate: 12% / 365 = 0.033%
Interest for 120 Days: 3,000,000 * 0.033% * 120 = TZS 118,800
Service Fee: 3,000,000 * 5% = TZS 150,000

Total Amount to Repay:
Principal + Interest + Service Fee = TZS 3,000,000 + 118,800 + 150,000 = TZS 3,268,800.

Eligibility Criteria
1. Must be 18-50 years old.
2. Must be a Tanzanian citizen.
3. Must have a regular source of income.

Security Assurance
All transactions are safeguarded with 255-bit SSL encryption. Customer information is securely stored and never shared with third parties.

Contact Us
Customer Service Email: [email protected]
Address: Zo Spaces, 4 New Bagamoyo Road, Dar es Salaam, Tanzania.