Mobile App loans have rapidly gained popularity in Tanzania. With just your smartphone you can apply for a loan, receive funds, and repay digitally. Below are details about some of the major digital lenders (Mobile App loans) in Tanzania, along with procedures and requirements for each. Make sure to read the terms carefully before borrowing.
NB: The list contains only BOT Approved Digital Lenders;
Sava Loan
What it offers / Terms
- Loans generally given to working professionals & SMEs.
- Monthly interest rate around 5% plus management fees, insurance etc.
- Example: on TZS 200,000 loan for 4 months → monthly repayment approx TZS 56,000; total repayment TZS 224,000.
Requirements
- Must be at least 18 years old.
- Must have a mobile money account.
- Must have a valid NIDA registration number (national ID).
- Fill in required information: name, profile photo, ID number etc.
- Biometric verification (fingerprint) is used.
Procedure
- Download Sava Loan app and register, providing your personal info and ID.
- Fill loan application form, request amount, choose tenure.
- Verification: ID & biometric, etc.
- Once approved (and after review by “Sava ambassador”), funds are disbursed to your mobile money account.
- Repay monthly per schedule.
OnePesa
What it offers / Terms
- Loan term: 91 to 180 days.
- Interest rate: about 0.11% per day.
- Maximum service fee: 32%.
- Maximum total cost: up to ~43% including interest & fees.
- Late payment penalty: installment principal × 3.5% per day after > 90 days delay, subject to caps.
Requirements
- At least 18 years old.
- Tanzanian citizen or legal resident.
- Must have a mobile money account for disbursement & repayment.
Procedure
- Download OnePesa app.
- Fill out online application with your basic details (ID, contact, income etc.).
- Application review.
- If approved, funds sent to your mobile money account.
- Repay via mobile money on the scheduled dates.
GetLoan
What it offers / Terms
- Loan amounts: up to TZS 850,000.
- Loan term: between 91 days and 365 days (≈ 3 to 12 months)
- Maximum Annual Interest Rate (APR): 15% per annum.
- Service fee: 5% on the loan amount.
Requirements / Eligibility
- Must be Tanzanian citizen.
- Age between 18 and 50 years old.
- Must have a regular source of income.
Procedure to get a loan
- Download the GetLoan app.
- Register by providing your personal information and proof of identity.
- Apply by selecting amount and repayment duration.
- Wait for approval. Once approved, funds are disbursed (usually to a mobile money account)
- Repay the loan as per agreed schedule (interest + service fee).
PalmPay TZ
What it offers / Terms
- Loan amounts: from ~ TZS 10,000 up to ~ TZS 1,000,000.
- Repayment periods: 61 to 180 days.
- Interest / APR: up to about 36% APR.
Requirements
- Must be Tanzanian citizen with national ID card.
- Age between 18 and 55.
- Must have a job or ability to repay loan (some income source).
- Need a referee (someone to vouch or be guarantor/reference).
Procedure
- Download PalmPay app.
- Register / open an account and apply for credit limit.
- Submit loan application via app.
- If approved, loan is deposited into your linked mobile money wallet.
- Repayment per agreed schedule.
Kuza Capital
What it offers / Terms
- Kuza Capital targets small business owners, farmers, market vendors etc., offering affordable loan products.
- The app claims “lowest loan rates” and fast disbursement. Terms show transparency with no hidden fees.
Requirements / Eligibility
- Likely must download & register via the app or via group networks such as Amcos or market leader groups.
- Licensed / regulated: Kuza Capital Finance Tanzania Limited is on list of approved digital lending platforms under Tier 2 Microfinance Service Providers.
Procedure
- Download and register on the Kuza Capital app.
- Provide personal details to request a loan.
- Application is reviewed; upon approval, the funds are disbursed (often quickly) into your mobile money or wallet account.
- Use the funds as needed; repay according to schedule.
Easybuy
What it offers / Terms
- Loan Limit: from TZS 10,000 up to TZS 1,000,000.
- Loan duration: 91 days to 365 days (3 months to 1 year)
- Annual Percentage Rates (APR): approx 12% to 36% depending on term and amount.
- Also allows installment loans specifically for buying mobile phones or devices; customers pay a down payment (e.g. ~40%) then pay instalments.
Requirements / Eligibility
- Valid identity.
- Likely income or proof you can repay.
- Have a mobile phone/device that can run the app.
Procedure to get a loan / device
- Download Easybuy app and register.
- Select the phone / device you want via the app or store, check down payment requirement.
- Pay the down payment.
- The rest of amount is financed via instalments across the chosen term.
- Make repayments as scheduled via the app / mobile wallet.
TZCash
What it offers / Terms
- Loan Terms: 91 – 180 days (≈ 3-6 months)
- Interest: about 0.1% per day on the principal.
- Service fee: up to 30% of the principal.
- Maximum total cost (interest + service fee etc): up to 40% of the principal.
- Late payment penalty: for late installments a penalty ≈ “outstanding principal for the current installment × 2% per day.”
Requirements / Eligibility
- Must be Tanzanian citizen, over age 18.
- Must have a mobile wallet account (Vodacom, Airtel, or Tigo) for disbursement/repayment.
- Must have a smartphone with internet connection.
Procedure to get loan
- Download TZCash from Google Play.
- Fill application in app, step by step with personal info. Identity verification via protected system.
- Upon approval funds are disbursed to your mobile wallet.
- Repay on time per schedule; you can also repay early without penalty.
Disclaimer
This article is for informational purposes only and does not constitute financial advice. Loan terms, interest rates, service fees, and eligibility requirements may change at any time without prior notice. Always verify details directly on the official Mobile App or with the lender before making any financial decisions. Borrow responsibly, and only take a loan if you are confident you can meet the repayment terms. The author and publisher are not liable for any financial losses or consequences arising from the use of the information provided.
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