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5/5 Votes: 3,412
Updated
18/02/2024
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12 Mb
Version
1.4.9
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Description

The emergence of the OKOA MAISHA online financial assistance application holds significant importance for individuals in urgent need of funds. The app offers diverse loan packages, timely assistance, and automated systems with intelligent services, which greatly appeal to customers.

Opting for this app allows access to loans ranging from a minimum of 20,000 TZS to a maximum of 800,000 TZS with extremely low interest rates. Moreover, the eligibility criteria for financial support here are straightforward—requiring only original identification documents. Whether you’re male or female, employed in any field, you can apply for a loan here. The application review process operates 24/7, ensuring swift fund transfers upon loan approval.

Additional information about the OKOA MAISHA app:

The app segments its loan products based on customer categories, such as:

Package for first-time borrowers:

  • Loan limit: New customers can borrow from 20,000 TZS to 800,000 TZS.
  • Relatively short repayment terms: As short as 7 days, with full repayment required within 180 days.

Despite the low loan limit and short initial repayment period, first-time borrowers at OKOA MAISHA benefit from waived service fees and low-interest rates throughout the borrowing period. This means that upon the expiry of the 7-day period, you only need to repay the borrowed amount without interest; interest is charged for periods beyond 7 days. This is an incredibly favorable offer for customers, considering that most quick loan apps today apply high-interest rates due to the inherent risks associated with unsecured loans. In case customers are unable to repay the principal, the accruing interest helps mitigate losses.

The loan package for returning customers:

  • The loan limit is increased to approximately 800,000 TZS and could further expand with a good credit score of the borrower.
  • The repayment period is extended from 91 days to 180 days. Borrowers won’t feel excessive pressure when taking loans here.
  • Interest rates remain low, ranging from 6% to 20% per year. This is a special offer exclusively available for new customers borrowing quick loans at OKOA MAISHA.
  • Service fee for returning borrowers: 5%

If you’ve explored credit apps for unsecured loans or other quick loan apps, you’ll easily notice that OKOA MAISHA doesn’t apply interest rates to any limit. Instead, borrowers are subject to service fees equivalent to the annual interest rate. Therefore, it’s clear that if you don’t borrow here, you won’t have to pay interest.

Guidelines for borrowing on the OKOA MAISHA app

Requirements for quick loans on OKOA MAISHA app

To become a customer of this credit app, you need to:

  • Be a citizen of Tanzania, aged 18 or above.
  • Have a stable job or monthly income.
  • Possess original identification documents or a valid passport.
  • Own a personal bank account in one of the Tanzanian banks.
  • Use a registered phone number with a duration of over 3 months.

Steps to borrow money using the OKOA MAISHA app

If you meet the prerequisites mentioned above, start your loan application on OKOA MAISHA right away:

Step 1: Complete the loan application profile by:

Accessing the OKOA MAISHA app. Registering for the loan by providing personal information in the form. Adding captured photos and portraits. Choosing a loan amount that suits your current financial needs.

Step 2: Receive a call from system representatives. If you wish, you can directly discuss and reach a mutual agreement with the representative.

Step 3: Your loan application will be sent to the system for review. For first-time borrowers with higher limits, the assessment process might take up to 24 working hours. However, typically, it’s approved in about 30 minutes.

Step 4: If your loan application passes the system’s assessment, you’ll receive a notification on your phone. Upon your agreement, the loan amount will be transferred directly to the bank card you registered earlier.

Step 5: Choose a repayment method that suits you best. Regardless of the repayment method chosen, ensure timely payments of both the principal and interest.

Is borrowing money quickly on OKOA MAISHA safe?

These are the essential details to consider when borrowing quick money using OKOA MAISHA. Additionally, many wonder about the safety of unsecured loans with OKOA MAISHA. Fortunately, during its operational period, the app hasn’t received any warnings or negative feedback from the community of unsecured borrowers.

This is a promising sign for those preparing to apply for a loan here. Choosing OKOA MAISHA, you need not worry about loan interest rates; just ensure timely repayments. It could also be a safe lending app worth considering when you’re in need of funds.

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