FiniLoan

FiniLoan Overview: FiniLoan is a popular financial solution in Tanzania, chosen by many to assist in financial difficulties through quick loans. The app provides efficient support, meeting demands promptly, and streamlining procedures via online channels.

Loan Packages Offered:

1. Personal Financial Loans: Borrowers provide salary statements to receive corresponding loans. The higher the salary, the larger the borrowing limit.
2. Installment Loans: Borrowers repay a predetermined amount monthly as per the app’s terms.
3. Age-Based Loans: Applicants meeting age requirements and possessing valid ID (national ID or passport) will be approved for varying loan amounts.

Key Features:

• No need for excessively large financial statements, asset pledges, or stringent conditions.
• Maximum loan limit is 800,000 TZS, based on credit scores.
• Loan terms range from 91 days to 365 days.
• Borrowers can request extensions, incurring additional fees.
• Average annual interest rate: 12% to 36%.
• First loan is interest-free for new customers.
• No limit on the number of loans users can take.

Loans must be repaid on time to proceed with additional borrowing.

If you have any further questions, feel free to ask!

You can borrow using your mobile phone and get up to 800,000 TZS easily. How to get a loan:

1. Download the App
2. Submit your personal information
3. Wait for the review results
4. Withdraw the amount you want

Loan Products

• Loan Limit: TZS 10,000 ~ TZS 800,000
• Loan Duration: 91 days - 365 days
• Annual Interest Rate: 12% to 36%

Loan Example: If the loan amount is TZS 10,000 and the duration is 12 months, with an interest rate of 12%.

• Total interest for 12 months: 10,000 x 12% = 1,200 TZS
• Monthly interest cost: 1,200 / 12 = 100 TZS
• Total repayment amount: 10,000 + 1,200 = 11,200 TZS
• Monthly repayment amount: (10,000 + 1,200) / 12 = 933 TZS

Loan Eligibility:

1. Must have a valid Tanzanian ID.
2. Age between 18-55 years.