| Interest Rate | 20% |
| Duration | From 30 days |
| Access Level | Public |
| Company Name | Cc Studios |
| Phone 1 | |
| Phone 2 | |
| Website or Store | |
| Address | Masama Kusini Chamwino, Tanzania |
| Category | Mild Loan |
| Company Email | secure@securecredittz.com |
| Views | 55 |
FlexiLoan is a trusted online loan application designed to serve all Tanzanian residents with personal credit options and installment repayment plans. This digital loan service offers secure, flexible, and transparent lending, protecting customer information at the highest level to ensure a safe borrowing experience.
Key Features
- Loan Amount: Available loan amounts range from 10,000 Tanzanian shillings to 1,000,000 Tanzanian shillings.
- Loan Term: Loan terms vary between 91 and 180 days.
- Annual Interest Rate: Interest rates range from 12% to 18% annually, depending on the borrower’s profile.
- Age Requirement: You must be 18 years or older to apply.
Loan Calculation Example
Here’s a sample calculation to illustrate how FlexiLoan’s installment repayment works:
Example:
- Principal: 10,000 Tanzanian shillings
- Loan Term: 90 days
- Annual Interest Rate: 12%
For a 90-day loan, the interest is calculated as follows: Total Interest=Principal×Annual Interest Rate×Loan Period365\text{Total Interest} = \frac{\text{Principal} \times \text{Annual Interest Rate} \times \text{Loan Period}}{365}Total Interest=365Principal×Annual Interest Rate×Loan Period
- Total Interest: 10,000 TZS×12%/365×90=296 TZS10,000 \text{ TZS} \times 12\% / 365 \times 90 = 296 \text{ TZS}10,000 TZS×12%/365×90=296 TZS
- Total Repayment Amount: Principal+Total Interest=10,000 TZS+296 TZS=10,296 TZS\text{Principal} + \text{Total Interest} = 10,000 \text{ TZS} + 296 \text{ TZS} = 10,296 \text{ TZS}Principal+Total Interest=10,000 TZS+296 TZS=10,296 TZS
Monthly Repayment Breakdown:
For a 3-month repayment schedule:
- First Month: 3,432 Tanzanian shillings
- Second Month: 3,432 Tanzanian shillings
- Third Month: 3,432 Tanzanian shillings
Note: These figures serve as examples only. The final interest rate and installment amount may vary based on credit assessment.
Why Choose FlexiLoan?
- Leading Digital Credit Platform: Tailored for Tanzanian residents seeking emergency funding with ease.
- Free Application: No charges are applied throughout the application process.
- 100% Online Process: Apply using only your mobile device—no paperwork needed.
- Quick and Simple Process: Just a few steps to complete your application and receive funds.
- Secure Data Protection: Your information is protected 24/7 with the highest security standards in place.
How to Apply for a Loan with FlexiLoan
- Download the FlexiLoan app on your mobile device.
- Enter Your Details to submit a loan application.
- Await Approval – a decision will be provided shortly.
- Receive Your Funds – funds are disbursed promptly upon approval.
Loan Eligibility Criteria
To apply, you must:
- Be at least 18 years old.
- Have a stable monthly income or cash flow.
- Provide personal identification for verification.
Privacy and Data Protection
FlexiLoan values your privacy. When you download the app, we may request permission to access certain mobile information to verify your identity and eligibility. Rest assured, FlexiLoan strictly adheres to data protection standards and will never share your information with third parties without your consent.
Contact Us
Email: secure@securecredittz.com
Customer Support Hours:
- Monday to Friday: 9:00 AM to 6:00 PM
- Saturday: 9:00 AM to 3:00 PM
Address:
Masama Kusini Chamwino, Tanzania
Expert Counsel
Loan apps may seem like a quick solution for cash, but they often come with serious risks. Here are 10 important tips to keep in mind when dealing with online loan apps:
1. Only Download Loan Apps from Official Sources
Never download loan apps from sources outside the Google Play Store. Downloading from unofficial sites increases the risk of cyberbullying, as these apps may misuse your personal information, including contacting people in your address book without consent.
2. Be Prepared for Harassment if You're Late on Payments
Even if you’re just a day late, you can expect to receive a barrage of aggressive and unpleasant messages, particularly on WhatsApp. If the harassment escalates, don't hesitate to block the sender to protect your peace of mind.
3. Extremely Short Repayment Periods
Most loan apps offer repayment periods between 6 and 14 days, making it difficult for borrowers to meet their payment deadlines. This short repayment window often traps people in a cycle of debt
4. High Overdue Interest Rates
If you miss a payment, expect daily overdue interest rates between 5% and 7%. These high rates make it incredibly easy to spiral further into debt.
5. Reputation Damage is Their Leverage
Once a loan app has publicly shamed or tarnished your reputation by sending messages to your contacts, their goal has often been achieved. At this point, some borrowers choose not to repay the loan since the damage is already done. You can also generate a disclaimer to counter any false claims made by the app.
6. Don’t Borrow from Other Loan Apps to Repay Your Debts
Taking out new loans from other apps to settle existing debts will only worsen your financial situation. This strategy leads to a deeper cycle of borrowing and repaying.
7. Use Truecaller to Block Harassing Calls
Truecaller is an effective tool for screening and blocking calls from loan apps. This will help you avoid unnecessary stress and harassment from lenders.
8. Break the Cycle by Stopping Borrowing Altogether
The best way to escape the clutches of loan sharks is to stop borrowing entirely. It may be difficult, but cutting off access to these predatory loans is key to regaining control of your finances.
9. Block and Report Harassers
If you receive harassing messages on WhatsApp, block the sender and report them directly to WhatsApp and the Google Play Store. This helps prevent others from becoming victims of the same predatory practices.
10. Avoid Loan Apps Altogether
Loan apps are often designed to trap you in a cycle of debt, ruin your finances, and exploit your personal information. The safest option is to steer clear of them entirely and seek more secure financial alternatives.
By following these tips, you can protect yourself from the damaging effects of predatory loan apps and safeguard your financial well-being.
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