Chuo Credit

Provide Financial Assistance For Young Individuals (Scholars), Providing A Flexible And Accessible Solution For Various Expenses. With Simplified Processes, These Loans Empower The Youth To Manage Their Financial Aspirations Responsibly And Independently.

Personal loans range from Tsh 5000 to Tsh 3,000,000

Tenure: 62days to 6 months. Interest rates range from 5%-25% depending on the risk profile of the customer.

Example: If the loan amount is Tsh 20,000 & interest is 60% per annum with tenure of 2 months, the interest for 2 months would come out to be Tsh2000. The EMI per month would be Tsh11,000. This would translate to a maximum APR of 60%. The total cost of the loan will be Tsh 22,000. The total amount paid back including everything at the end of the term will be Tsh 22,000.


PERSONAL LOAN RATES AND FEES

Loan Amounts: TSH 5000 to TSH 3,000,000
APR/Interest rate: 60%-300% (Monthly interest: 5% to 25%)

Onboarding fee: None
Terms: Depending on your loan amount for which you are eligible, you have the option to choose repayment terms of up to 6 months. Every loan amount we offer has the option to repay in a minimum of 62 days.
The amount would be directly deposited in your Account .