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TwigaLoan is not a loan app; in fact, it acts as an intermediary connecting individuals in need of loans with lenders. Customers only need to contact and use the services of the app, and the system will provide full support on how to proceed. All loans are disbursed flexibly and efficiently within the day, with no limit on the number of times a customer can borrow. All borrowing steps at TwigaLoan are conducted online swiftly. If you need quick unsecured loans in a short period, let’s explore further in the next section.

Loan Package Information from the App

It’s no coincidence that TwigaLoan is favored and chosen by many customers. It’s all thanks to its highly flexible loan products, such as:

  • Loan packages with average limits ranging from Tsh 8,000 to Tsh 800,000. Loan repayment terms extend from 3 to 6 months.
  • Customer loan interest rates do not exceed 24.111% per year.
  • Service fee: Free for the first time
  • Consultation fee: Free for the first time
  • Late payment penalty fee: Depending on the percentage of the borrower’s limit
  • Loan repayment extension fee: This depends on the amount borrowed between the two parties.

Registration program for 0% interest loans

TwigaLoan offers a special deal for customers on their first loan, which is 0% interest. This is a fixed offer for all customers when choosing to borrow here. The loan limit for this first loan is from Tsh10,000 and below. This figure is relatively low compared to the general regulations.

In addition, the loan term is quite short, ranging from 5 to 10 days only. If the loan exceeds this period, TwigaLoan will start charging interest on the loan. The purpose of this loan is simply to acquaint customers with TwigaLoan’s operations.

Who is eligible for loan assistance?

The app supports customers in borrowing capital when they meet the following conditions:

  1. Citizens living and working in any province or city of Tanzania.
  2. Ensuring a stable monthly income.
  3. Age range from 20 to 60.
  4. Having valid identification documents with clear information and valid expiry dates.
  5. Having a personal bank card from any local bank to receive funds.

Disbursement process in just 36 minutes at TwigaLoan

Here is the general disbursement process of loan apps at TwigaLoan for customers to refer to and choose for themselves.

  • Step 1: Download the TwigaLoan app on our homepage and install it on your phone. Then, enter the phone number you registered to receive the OTP code and activate your account.
  • Step 2: Register for consultation from TwigaLoan’s system. At this point, the app’s hotline will automatically contact the registered customer. You provide your borrowing needs for assistance.
  • Step 3: Evaluate and approve the customer’s profile. To do this, the borrower must provide complete personal information to the system. Also, take two photos of yourself holding valid identification documents. Each photo represents one side of the document.
  • Step 4: Disburse the customer’s loan within 36 minutes. The money will be deposited into your account after that time. If the loan application is rejected, the customer will receive a notification via phone.

Loan repayment instructions

There are several ways to repay your loan at TwigaLoan for you to choose from. Specifically:

Use e-wallets to conveniently repay your loan on the same day. It’s very simple, just top up your wallet and make the loan repayment. Use a bank card to transfer funds online to TwigaLoan’s account. Please make the payment during business hours for faster and more accurate transactions.

Can I repay my loan early?

Each loan application at TwigaLoan will have a corresponding repayment period. The requirement is that the borrower must complete the repayment on time. Depending on your financial capability, you can make repayments at any time as long as they are not overdue. It is best to prioritize repayment a few days before the due date, around 2-3 days. Pay attention to bank holidays or situations where the app fails to process payments. Otherwise, you will be considered overdue and may incur penalties.