OnePesa

Description

OnePesa is an online lending APP in Tanzania that offers flexible loan products. OnePesa provides access to personal loans through our easy and secure online application process. With no credit guarantees, the users can get cash loan at the competitive rate without any hidden fees.

Loan Term: 91-180 days
Interest: 0.11% per day
Maximum Service Fee: 32%
Maximum Total Cost: 43%
Maximum Annual Percentage Rate (APR): 170%
Late Payment Penalty: Outstanding principal for the current installment*3.5% per day, after a delay of more than 90 days or when the accumulated late payment penalty reaches 50% of the remaining principal, no further late payment penalty will be applied

Example:
An applicant who gets a loan with the principal of TZS 100,000, 91-day loan payment term
The total interest should be TZS 100,000*0.11%*91=10,010
The total service fee should be TZS 100,000*32%=32,000
The total repayment amount is TZS 100,000(principal amount)+TZS 10,010(total interest)+TZS 32,000(total service fee)=TZS 142,010
Each day late payment penalty: Not exceeding TZS 3,500 per day

Eligibility Requirements for OnePesa Loan
You should be minimum of 18 years or older to use our service.
You must be a Tanzanian citizen or legal resident.
You need a mobile money account for the fund to be deposited.

Why choose OnePesa
Free to use, no hidden fees
Efficient application review
Same-day access to cash
24/7 support
No paperwork required

How OnePesa works?
Download the app and easily fill out our online application.
Get your loan approved and the loan directly sent to your mobile account.
Repay with your mobile account.

Privacy:
Your personal information will be highly secured. We will never share your information with any third parties without your permission.

Contact Us：
Email: [email protected]
Address: 6697+99W, Sam Nujoma road, Dar es Salaam, Tanzania