FunLoan

Unlike borrowing from banks, where you face complex procedures and asset collateral requirements, FunLoan offers a quick and easy lending solution. Borrowers only need to use their smartphones from the comfort of their homes. The only requirement for borrowers is to provide identification documents, which can be easily done through images. Once the loan application is approved, the money will be disbursed to the borrower’s account on the same day.

FunLoan’s credit service is the optimal financial solution for those in need of quick loans. Borrowers need not worry too much about the interest rates they’ll have to pay, as this app guarantees the lowest interest rates in the market. It even supports newcomers with an interest rate as low as 0.9%.

Should You Borrow Money Through FunLoan?

The biggest advantage, which earns high praise from experts, is the lightning-fast loan approval process. While banks may reject your loan application despite having all the required documents, this won’t happen with FunLoan.

This has led to increased acceptance and usage of the app by customers. Additionally, there are many other advantages that FunLoan’s online lending platform offers:

• The lending process on the app is extremely simple. You only need to provide identification documents as mentioned earlier.
• Quick approval process, often within the same day.
• Receive borrowed funds directly into your bank account without the need for face-to-face meetings.
• No requirement for document authentication through family or friends.
• No need for collateral.
• No requirement to verify the borrower’s income.

Loan Eligibility

Anyone seeking approval for a loan through the FunLoan app must meet the following requirements:

• Be a citizen of Tanzania residing and working across the country.
• Have valid identification documents with clear and current information.
• Have a personal bank card to receive funds quickly.
• Be aged 20 or above.

Loan Application Process

Receiving money through the app is extremely simple with the following 4 basic steps:

• Choose the loan amount you wish to receive along with a suitable repayment period.
• Fill in all the personal information required by the lending app in an online form.
• Receive the best offer from FunLoan if available.
• Disburse the funds into your account within minutes. The time depends on the borrower’s profile. If all FunLoan’s conditions are met, the approval rate can be up to 90%.

Interest Rates when Borrowing from FunLoan

Interest rates are naturally the most concerning factor when borrowing money, aren’t they? For FunLoan, the interest rate that customers must pay is 18% per annum. This rate is relatively low compared to the general market rate. However, this interest rate is not fixed and applies to all borrowers uniformly.

The application will apply different interest rates depending on each borrower’s profile. Specifically, first-time borrowers through the app will be offered a 0% interest rate, but they will have to pay accompanying fees.

With an interest rate of 18%, the loan limit at FunLoan ranges from TZS 50,000 to TZS 1,100,000. The repayment period for your loan through this app is within 12 months.

Contact:

Email: [email protected]
Working hours: 10:00 to 19:00
Address: B141, Itumba, Tanzania