FunLoan 1.0.4

FunLoan is a digital personal credit platform offering safe and convenient personal loans to users in Tanzania facing urgent financial needs. No collateral is required, and the process involves instant approval with straightforward operations.

• Loan amount: TZS 10,000 to TZS 1,000,000
• Loan term: 91-180 days
• Annual interest rate: 12%-18%
• Minimum Age: 18 years old

Example: An installment loan with a principal amount of TZS 10,000 incurs an annual interest rate of 12% over a 180-day repayment period. The total interest calculates to TZS 10,000 * 12% / 365 * 180 = TZS 592. Hence, the full repayment sum is TZS 10,000 (principal) + TZS 592 (total interest) = TZS 10,592.

Qualification criteria:

1. Age over 20 years
2. Possession of a mobile phone number and stable income
3. A bank account is mandatory
4. Applicants must be Tanzanians

Product advantages:

• Convenient application process: Entirely online, no collateral necessary, only ID and bank account details required
• Data Protection: We request permission to access your phone data solely for identity verification purposes. Without your consent, we will not retrieve any of your personal information.

Contact information:

• Email: [email protected]
• Working hours: Monday to Sunday from 10:00 to 19:00
• Company address: B141, Itumba, Tanzania