Mkopo Fasta

Mkopo Fasta is an online lending app based in Tanzania

Product Description

Amount

TZS 10,000 - TZS 100,000

Loan Term

3, 6, 9 and 12 months

Annual loan interest rate (APR)

24%

Management/Platform Fee

0.01%

example

why it's best

If you choose a cash loan of 10,000,000 TZS for 1 year with 0.01% interest Profit sharing: 24% = TZS 2,400,000 Term: 12 months / 12 times pay Platform Fee: 12% = TZS 1,200,000 Total loan principal + interest = TZS12,400,000 Total Payment Amount: TZS13,600,000 Total monthly installments : TZS 1,133,333

• Borrowers have the flexibility to prepay at any time, which may reduce the above fees

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Mkopo Fasta

It is a mobile credit cash loan app for finance. The Mkopo Fasta app is a premium financial app that helps users easily get online loans with flexible terms.