JengaPesa - Instant Cash Loan 1.0.4

Review of JengaPesa

JengaPesa positions itself as a reliable option for individuals in Tanzania seeking personal loans. The service caters specifically to Tanzanian residents, providing loans ranging from TZS 10,000 to 900,000. Its repayment terms are notably flexible, spanning from 91 to 365 days, and the interest rates appear competitive, with a maximum annual percentage rate (APR) of 21.90%. Noteworthy is the absence of hidden fees and the streamlined application process, which minimizes paperwork.

Key Features

• Instant Approval & Disbursement: Funds can be dispatched within minutes following approval.
• Flexible Repayment: Borrowers can select repayment terms from 3 to 12 months.
• Low Daily Rates: Interest rates start as low as 0.03% per day (equating to TZS 3 per TZS 10,000).
• Bank-Level Security: User data is safeguarded with robust 256-bit SSL encryption, ensuring confidentiality and data privacy.
• Transparent Process: Users receive a clear breakdown of any fees and the repayment schedule.

Eligibility for Application

The service is well-suited for Tanzanians aged 20-55 who maintain a stable income. This includes a broad demographic of small business owners, employees, freelancers, and farmers—all of whom may benefit from the financial support that JengaPesa offers.

Loan Calculator Example

For instance, if one were to borrow TZS 300,000 at a daily interest rate of 0.06% for a period of 180 days (6 months), the calculation would be as follows:

• Daily Interest: TZS 180 (0.06% × 300,000)
• Total Interest: TZS 180 × 180 days = TZS 32,400
• Total Repayment: TZS 300,000 + TZS 32,400 = TZS 332,400
• Monthly Repayment (over 6 months): TZS 332,400 ÷ 6 = TZS 55,400/month

Application Process

• Download & Register: Access JengaPesa via Google Play and complete the signup process.
• Apply in Minutes: Provide essential personal details and proof of income.
• Receive Funds: Approved loans are credited directly to your mobile wallet without delay.

Customer Support

If there are inquiries or issues that require assistance, customers can reach out via:

• Email: [email protected]
• Address: Greenways Towers, No.119, 2nd Floor St. Marys Road, Abhiramapuram, Chennai, Tamil Nadu, 600018 India