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3/5 Votes: 123
Updated
19/02/2024
Size
15 MB
Version
1.4
Requirements
5.0
Downloads
10,000+
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Description

The demand for online personal loans is increasingly high. This has created opportunities for many online lending applications to emerge. One of the highly regarded applications for personal loans in terms of safety and reliability is Unasili Cash. It is a trusted and secure financial service provider with many attractive benefits.

Introduction to Unasili Cash

Borrowing money through online applications has become a popular choice for many people. This method of borrowing money has the advantages of being quick, convenient, and not requiring face-to-face meetings. However, to ensure safety, it is important to choose a reputable lending institution. Unasili Cash stands out as a strong player in the online personal lending industry during this period.

Unasili Cash is a specialized application that provides customers with financial-related services. All processes related to loan disbursement and repayment are conducted through mobile phones. As a result, users have the flexibility of managing their time and do not need to visit physical stores or offices to complete complex paperwork.

This online personal loan application only offers small loan amounts ranging from TZS2000 to TZS30000. This loan amount is suitable for customers who need urgent funds for daily expenses.

Conditions for customers to be eligible for borrowing on the application

The Unasili Cash application is based overseas. However, the financial support provided by the application is similar to other companies in Tanzania. Therefore, individuals who want to borrow money through this application need to meet the following conditions:

  • The borrower must be a Tanzanian citizen, currently living and working within the country’s territory.
  • Age between 20 and 50, with the ability to repay the loan.
  • Provide complete information, including a valid national ID card or citizen identification, a registered and active phone number for at least 3 months, and a valid bank account in the borrower’s name.
  • A fully certified photocopy of the household registration book.

Explore the loan packages offered by the application

As mentioned above, this application only provides small loan amounts. The minimum loan amount is TZS200, and the maximum is TZS30000. Depending on the customer’s borrowing history, the loan amount and repayment period will be increased. When customers meet the eligibility criteria for personal loans, they can contact the application to receive financial support on the same day.

Loan amounts range from TZS2000 to TZS30000. Interest rates are calculated per loan and can go up to a maximum of 20% per year. Loan terms vary depending on the customer’s borrowing history. The more loans taken, the longer the repayment period will be.

Advantages and disadvantages of borrowing from Unasili Cash

Borrowing money through online applications brings its own advantages and limitations. The same applies to the Unasili Cash application. When customers choose to borrow funds through this online app, they should consider the following factors:

Advantages of choosing a loan from the app:

  • The loan limit can be adjusted based on the customer’s borrowing history, meeting the urgent spending needs of users.
  • Customer support for loan disbursement is available nationwide.
  • The loan process is quick, simple, and convenient, allowing users to have control over their time.
  • No collateral is required, only the preparation of necessary personal documents and a smartphone with internet connection.
  • The application offers lower interest rates compared to some other online lending apps.
  • It supports lending to individuals with bad credit history.

Limitations of borrowing from this app:

  • Customers need to meet specific borrowing requirements, provide sufficient documentation, and the process may be more stringent compared to other financial apps.
  • The interest rates are higher compared to traditional banks.
  • This credit lending method is not yet recognized and protected by the government.
  • Customers may face continuous harassment if they fail to repay the loan on time.

How to repay the loan in this application

When the loan repayment period arrives, you can choose one of the following methods to repay your loan:

  1. Pay your loan at collection points nationwide.
  2. Make the loan repayment using the loan agreement or the identification number/citizen ID used in the contract.
  3. Transfer the repayment amount directly to the lending account through a bank transfer. Keep the transfer receipt or proof of payment to avoid any unforeseen circumstances.

These are the payment options available for repaying your loan in the Unasili Cash online application. The application supports eligible customers with reasonable and secure loan amounts. The lending process is simple, and disbursement is quick, providing dedicated support to all customers. If you have a personal financial need and require a personal loan, this application is a suitable choice for you.

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