TZCash 1.0.21

TZCash operates under Speedy Credit Limited, a registered Microfinance Institution authorized by The Bank of Tanzania to provide financial services in the region.

The TZCash app is tailored for those seeking reliable installment loans in Tanzania. Its mission focuses on helping customers navigate financial challenges effectively.

Loan Products:

• Loan Term: 91-180 days
• Interest Rate: 0.1% per day
• Maximum Service Fee: 30%
• Maximum Total Cost: 40%
• Maximum Annual Percentage Rate (APR): 170%
• Late Payment Penalty: Outstanding principal for the current installment*2% per day

Example Calculation:

An applicant securing a loan with a principal of TZS 50,000 for a 91-day term would incur the following costs:

• Total Interest: TZS 50,000 * 0.1% * 91 = TZS 4,550
• Total Service Fee: TZS 50,000 * 30% = TZS 15,000
• Total Repayment Amount: TZS 50,000 (principal) + TZS 4,550 (interest) + TZS 15,000 (service fee) = TZS 69,550
• Late Payment Penalty: Not exceeding TZS 1,000 per day

Eligibility Requirements:

• A. Must be a Tanzanian citizen aged 18 or older;
• B. Must have a mobile wallet account with VODACOM, AIRTEL, or TIGO;
• C. Must possess a smartphone with internet connectivity.

Application Process:

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

Key Features:

• Opportunity to increase your credit limit up to Tsh500,000.
• No penalties for early repayment at any time.

Privacy and Permissions:

The TZCash app requires access to your financial SMS and other information to confirm your identity and creditworthiness in providing loans. We prioritize privacy and assure that personal data will not be shared without express consent. For further details, refer to our privacy policy: Privacy Policy Document.

Contact Information:

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