Introduction to MkopoWako. MkopoWako is a renowned online lending application that stands out in Tanzania for its straightforward lending procedures and quick disbursement capabilities. This app caters to Tanzanians needing fast financial solutions without the hassle of traditional bank loans.
Why Choose MkopoWako?
- Efficient Loan Processing: Enjoy quick loan approvals and same-day disbursement directly to your bank account.
- Flexible Loan Terms: Borrow amounts ranging from TZS 10,000 to TZS 200,000 with terms from 91 to 365 days.
- No Collateral Required: Access loans without needing to provide collateral or income proof.
- Competitive Interest Rates: Benefit from rates as low as 18% per annum, with promotional rates of 0% interest for new customers and students.
Loan Features at MkopoWako
- Loan Amount: From TZS 10,000 to TZS 200,000
- Interest Rate: Ranges from 18% to 36% annually, with special offers for new clients
- Repayment Term: Flexible terms between 91 and 365 days, with monthly repayment options available
Eligibility Criteria: To be eligible for a MkopoWako loan, applicants must:
- Be Tanzanian citizens aged 18 and above
- Have a monthly income of at least TZS 5000
- Possess a valid bank card linked to a registered phone number
- Provide clear and valid identification documents
- Ensure the phone number has been active for over 3 months
- Have no history of bad debts
Application Process: Applying for a loan with MkopoWako is straightforward:
- Download and Register: Download the MkopoWako app and register using your mobile phone number.
- Verify Your Identity: Enter the OTP sent to your phone and provide personal details along with clear images of your ID.
- Submit Your Application: Review your loan details and submit your application for processing.
- Receive Funds: Once approved, funds will be disbursed directly to your bank account within minutes.
Customer Support and Contact Information: MkopoWako is dedicated to providing excellent customer service and support:
- Email: [email protected]
- Phone: +255 712 345 678
- Address: MkopoWako Headquarters, Downtown Business Park, Dar es Salaam, Tanzania
- Operating Hours: Monday to Friday, 8:00 AM to 5:00 PM
Frequently Asked Questions:
- Loan Rejection: Common reasons include low income, inaccurate personal details, or poor credit history.
- Multiple Loans: It is possible to apply for loans from different companies simultaneously, provided all are repaid on time.
- Penalties: Late payment penalties are capped at 10% of the loan amount, but can escalate in cases of default.
Explore the benefits of borrowing with MkopoWako, a reliable and straightforward online lending solution tailored to meet the needs of Tanzanians across the country.
