BenefitsPesa 2.1

BenefitsPesa is a personal loan application available in Tanzania that offers unsecured loans, competitive interest rates, and comprehensive financial support.

1. Product Details:

• Loan Amounts: 50,000 TZS to 10,000,000 TZS
• Loan Duration: 91 days to 365 days
• Minimum Annual Interest Rate: 10%
• Maximum Annual Interest Rate: 26%
• Processing Fee: Ranges from 0% to 5%

Example of Loan Costs (Including All Applicable Fees):

• Loan Amount: 200,000 TZS
• Loan Period: 91 Days
• Annual Interest Rate: 20%
• Processing Fee: 1%

After deducting the processing fee, the calculations are as follows:

• Interest = TZS 200,000 * 20% / 365 * 91 = TZS 9,972.6
• Processing Fee = TZS 200,000 *1% = TZS 2,000
• Final Amount to be Paid at Maturity = Principal + Interest + Processing Fee = TZS 200,000 + TZS 9,972.6 + TZS 2,000 = TZS 211,972.6
• Monthly Repayment = TZS 211,972.6 / 3 = TZS 70,657

2. Application Requirements:

• Must be a resident of Tanzania
• Aged between 18 and 60 years
• Should have stable employment

3. How to Use the App:

1. Download the app from the Google Play Store.
2. Register using your mobile number.
3. Upload your KYC documents to check your loan eligibility.
4. Your application will be reviewed and the best loan amount will be credited to your account instantly.

4. Contact Information:

If you have any questions, please reach out to us:

• Timings: Monday to Sunday (08:30 - 18:30)
• Email: [email protected]
• Phone Number: +255 699065349
• Address: Mpwapwa Rd 12, Dodoma, Tanzania