Frequently Asked Question
Frequently asked questions
The interest rate is 3.5% per month and there is a 10% processing fee of the loan which will be deducted before the loan is provided to the client. Processing fee will include Form, Loan Insurance, Lawyer Fee and Stamp.
The collateral which is accepted by our company is Motor Vehicle and Certified House or Land Leasing. For a motor vehicle we will take the registration card and you will continue to use your car until you repay your loan and you will get your registration card back.
All loan repayments will take 4 months to 6 months.
Yes, it is important in order for the loan officer to do the assessment of client needs so that he/she can provide education to the client which loan will be suitable for his needs. Also to verify the information provided by the client during the loan application process, including income sources and evaluating business operations.
The borrower must be an adult aged 18 years old and above.
You can directly visit our head quaters Address: Arusha, Mafao House, Floor No. 17 or call us through Phone: +255 758 333 559