FiniLoan is a reputable and convenient online loan application, developed with the aim of providing quick and secure cash loan services to users. Using FiniLoan App makes borrowing money easier and more convenient than ever. Launched in 2023, FiniLoan has quickly become one of the leading loan apps in Tanzania. Before you decide to apply for a loan here, let’s learn more about the app.
Information about loan packages in the FiniLoan Loan App
- Loan amounts range from 10,000 TZS to 800,000 TZS.
- Repayment periods range from 91 days to 365 days.
- Interest rates on loans range from 12% to 36%.
- Repayment is done in installments.
- There are no additional fees, hidden charges, consultation fees, and free support.
Example of a loan
Suppose you want to borrow 10,000 TZS for 12 months with an APR of 12%:
- Total interest: 10,000 x 12% = 1,200 TZS
- Monthly interest cost: 1,200 / 12 = 100 TZS
- Total repayment amount: 10,000 + 1,200 = 11,200 TZS
- Monthly repayment amount: (10,000 + 1,200) / 12 = 933 TZS
Benefits of Using FiniLoan
Time and Effort Savings
FiniLoan App helps users save time and effort compared to going to traditional banks or lending institutions. The loan confirmation and approval process is fast and flexible, requiring fewer complex procedures while ensuring security and safety.
Flexible Evaluation Criteria
FiniLoan doesn’t solely rely on income and assets to assess a user’s borrowing capability. Instead, it applies flexible evaluation criteria, including transaction history, financial behavior, and personal information, making it accessible to a broader range of people seeking loan services.
Reasonable Interest Rates
FiniLoan offers reasonable and competitive interest rates, ensuring that users don’t bear an excessive financial burden when borrowing money. This makes it easier for users to repay their loans without significant difficulties.
FiniLoan operates 24/7, allowing users to request loans and conduct financial transactions whenever needed. Unrestricted by bank working hours, users can access the service anytime, anywhere, addressing their urgent financial needs promptly.
Building Credit History
Using FiniLoan and repaying loans on time helps users build a positive credit history. This can be advantageous in the future when users need additional financial resources or want to access other financial services.
Options FiniLoan offers multiple flexible repayment methods for users, including:
- Bank transfers
- E-wallet payments
- Bank account debits.
Registration Requirements and Process
- Users must be aged 18 and above but not older than 55, and must be citizens of Tanzania.
- They should have a personal mobile phone number and register for the application’s services.
- Users must possess a personal bank account to link with FiniLoan.
- Complete the necessary documentation and provide relevant personal information.
Step 1: Download and install the FiniLoan APK/IOS application from cashloanapp.net.
Step 2: Open the application and proceed to register for an account by providing essential personal information such as full name, phone number, email, and password.
Step 3: FiniLoan will send a verification code via SMS or phone call for users to confirm their phone number.
Step 4: The FiniLoan App will request users to provide additional information to verify their identity, such as their national ID number or portrait photos.
Step 5: The application will assess the user’s borrowing capability based on personal information and financial history. The decision to approve or decline the loan will be communicated to the user. If successful, the borrowed amount will be sent to the user’s bank account.
Note: Personal information and image details must be provided to FiniLoan as accurately and comprehensively as possible. Additionally, it is essential to familiarize yourself with the policies and terms before registering for a loan.
Customer Support Services at FiniLoan
Below is the contact information for FiniLoan:
- Email: [email protected]
- Phone number: 0699996722
- Address: Finloan, Dar es Salaam TZ, Tanzania.
If you need to get in touch or have any questions or requests related to the loan service through the app, you can use the contact information above to reach out to them. They will assist you with any information you need.
FiniLoan is a loan application in Tanzania that offers many benefits to users, providing them with quick and secure access to financial resources. Furthermore, the app has a simple loan registration process that is suitable for a diverse range of users.
The above information about the FiniLoan app is intended to be helpful to everyone. We wish everyone success and good luck