Ustawi Loan vs Pera Algo Wallet Usage & Stats

Ustawi Loan is an personal loan app in Tanzania, Provide users with unsecured loans, low interest rates and strong financial support. (1) Product Details: Loan Amounts from 50,000 TZS to 10,000,000 TZS. Duration from 91 days to 365 days. Min interest rate: Annual Interest rates 10% Max interest rate: Annual Interest rates 26% Processing fee : varies from 0% - 5%; EXAMPLE OF COST OF LOANS,including all applicable costs: Loan amount: TZS 200,000 Loan period: 91 Days interest rate is 20% per year Processing fee : 1% After deducting the processing fee, the interest payable is as follows : Interest = TZS 200,000 * 20% / 365 * 91 = TZS9,972.6 Processing Fee= TZS 200,000 *1% = TZS 2,000 Final amount to be paid after maturity = principal + interest + Processing Fee =TZS 200,000 + TZS 9,972.6+ TZS 2,000=TZS 211,972.6 Monthly repayment = TZS 211,972.6 / 3 = TZS70,657 (2)Apply Requirements: Residents of Tanzania. 18-60 years old. Have a stable job (3)How to use: Install app from Google play store Register with a mobile number Upload KYC documents and check your loan eligibility Under review, the best loan amount is credited to your account instantly! (4)Connect Us: Any questions, contact us: Timings: Monday to Sunday (08:30 - 18:30) Email: maktoustawiloan@gmail.com Number:+255 699065349 Address: Mpwapwa Rd 12, Dodoma, Tanzania