TZcash Secure Online loans 1.0.10

TZcash presents itself as a secure platform for installment loans in Tanzania, focusing on assisting users in navigating various financial challenges. This review will examine its loan offerings and processes.

Loan Products:

• Loan Amount: TZS 10,000 to TZS 500,000
• Loan Term: 91 days to 365 days
• Annual Interest Rate: 12% to 36%

Example:

For an installment loan with a principal amount of TZS 10,000, assuming an APR of 12% over a payment period of 180 days, the total interest would be calculated as follows: TZS 10,000 * (12% / 365) * 180 = TZS 592. Therefore, the total repayment amount would be TZS 10,000 (principal) + TZS 592 (interest) = TZS 10,592.

Eligibility Criteria:

• You must be a Tanzanian citizen aged over 18.
• A mobile wallet account with either VODACOM, AIRTEL, or TIGO is required.
• A smartphone with internet connectivity is necessary.

Application Process:

1. Download the application from Google Play.
2. Complete the application step by step.
3. Your identity will be verified through a secure system.
4. Loans are disbursed directly to your mobile wallet.
5. Ensure timely repayment of the loan.

Key Features:

• The opportunity to increase your credit limit up to TZS 500,000.
• The ability to make early repayments without facing penalties.

Privacy and Permissions:

Upon downloading TZcash, users will be prompted to allow access to financial SMS and additional information for identity verification purposes. The application emphasizes privacy, ensuring that personal information is not shared without explicit consent. For further details, refer to the privacy policy document.

Contact Information:

• Customer Service Email: [email protected]
• Address: 215 Ubungo Street, Dar es Salaam, Tanzania