BoBaCash is an online money lending application in Tanzania, offering simple, flexible, and secure loan services with competitive interest rates and 24/7 customer support.
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BoBaCash is an online loan application in Tanzania, providing a simple and convenient borrowing experience for users. By using the app, you can receive quick loan decisions and have the money transferred directly to your mobile account. With no hidden fees and 24/7 customer support, you are ensured comprehensive assistance and peace of mind when using the service. Sign up today to experience the simplicity and convenience of BoBaCash App.

  • Loan Amount: From TZS 5000 to TZS 100000.
  • Loan Term: From 91 days to 360 days.
  • Interest Rate: The interest rate ranges from 12% to 28% APR (Annual Percentage Rate).

Loan Example

Suppose you want to borrow TZS 10000 with a loan term of 360 days and an interest rate of 25% APR:

  • Total service fee: TZS 10000 * 25% = TZS 2500
  • Total amount to repay: Loan amount + Service fee = TZS 10000 + TZS 2500 = TZS 12500

This is just an example. Specific loans may vary depending on the amount borrowed, term, and specific interest rate chosen by each customer.

Loan Conditions for BoBaCash

BoBaCash facilitates fast loan approvals with fairly simple conditions for customers. Specifically:

  • Age requirement: 22 years old and above, but not exceeding 60 years old.
  • Citizenship: Tanzanian citizens currently residing and working within the country.
  • Possession of a valid personal ID document.
  • Employment: Any profession is acceptable as long as there is a stable income sufficient to repay the loan.
  • Ownership of a registered SIM card with a contact list of at least 20 numbers.
  • Possession of a bank account.

Advantages and Disadvantages of Borrowing from BoBaCash

Borrowing from BoBaCash comes with certain pros and cons. Therefore, you should carefully consider before deciding whether to borrow on the app or not.


BoBaCash has entered the market and is highly regarded for providing good financial solutions to customers. The advantages of borrowing money on this app include:

  • Borrowing on the app is an unsecured loan form without requiring collateral like traditional bank loans. Moreover, the lending conditions on the app are not too strict, making it suitable for various customer groups.
  • BoBaCash supports customers to borrow money online anytime, anywhere without the need for face-to-face meetings or third-party guarantees.
  • The simple loan procedures allow customers to apply online in just 15 minutes, saving a lot of time.
  • BoBaCash provides transparent information about loan packages, ensuring customers are not deceived when borrowing money on the app.
  • Particularly, BoBaCash approves loan applications quickly and disburses funds within 24 hours, allowing customers to borrow urgently.
  • BoBaCash does not charge service fees or extension fees.

Additionally, BoBaCash supports customers in repaying loans quickly through various methods such as:

  • Repayment through local banks.
  • Repayment through transaction points.
  • Repayment through e-wallets.
  • Repayment through postal and telecommunication networks.


Borrowing money from BoBaCash also has certain drawbacks that you need to carefully consider and calculate, such as:

  • Only small amounts can be borrowed, with a maximum limit of TZS 100,000. For first-time borrowers, only loans up to TZS 5,000 are approved.
  • High interest rates.
  • Short repayment terms with a maximum term of only 6 months.

Guide to Borrowing Money on BoBaCash App

BoBaCash supports you in borrowing money online quickly with the following 4 steps:

Step 1: Access BoBaCash APK/IOS and complete the registration.

Step 2: Update basic personal information to ensure eligibility for borrowing according to regulations.

Step 3: Choose the loan product and complete the loan application.

Step 4: Wait for financial institution approval of the loan application. Once approved, the money will be transferred to the bank account you provided earlier.

Regulations regarding penalty fees when borrowing from BoBaCash

Currently, there are no regulations regarding penalty fees when borrowing money on BoBaCash. However, if you are a borrowing customer and pay late when due, penalty fees will be applied. The amount of the penalty depends on how late the payment is made, calculated from the due date.

How to increase the success rate for borrowing on BoBaCash

BoBaCash often has a high approval rate for loan applications. However, as a customer, you should still know how to increase the success rate when borrowing money on the app. Specifically, please note the following:

  • Use a registered SIM card when applying for a loan.
  • Choose a lower loan limit if you are a first-time borrowing customer, as it will have a higher success rate.
  • Provide complete, honest, and accurate personal information.
  • Avoid late payments on loans from credit institutions, which can lead to bad debt.

Contact Information and Customer Support

Here is the contact information and customer support for BoBaCash:

  • Email: maktoboba.cashloan @
  • Phone number: +255 699065288
  • Operating hours: 9:00 – 17:00 (local time), Monday to Saturday.

BoBaCash is committed to providing quality and reliable customer support services. If you have any questions, inquiries, or need assistance regarding registration for loans, terms, or the borrowing process of BoBaCash, please do not hesitate to contact us via email or the customer care phone number provided above. Our support team will be happy to assist you anytime, anywhere.


Above are the essential information about BoBaCash. You may find borrowing money through the app an ideal solution in case of urgent capital needs. However, when borrowing money, please calculate your repayment ability carefully. You need to be responsible for your loan to avoid any unwanted consequences.

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