Legit Loan Apps in Tanzania (April 2025)

Mobile loan apps have become an essential tool for individuals and small businesses seeking quick and convenient access to credit in Tanzania. However, with the rise of new loan apps almost everyday, concerns about legitimacy, predatory lending practices, and data security have also increased. This has prompted Tanzanians to look for Genuine loan apps.

To address these issues, the Bank of Tanzania (BoT) has established regulations to oversee digital lenders and ensure that only licensed and compliant loan apps operate in the country This led to the ban of over 60 loan apps recently, However , The Bank approved only 10 loan apps in the Tier 2 group including loan apps. This article provides an in-depth review of the 10 BoT-licensed and approved loan apps in Tanzania as of April 2025.

Why Choose a Licensed Loan App?

Choosing a loan app licensed by the Bank of Tanzania offers several benefits:

• Consumer Protection – Licensed apps follow regulations that prevent unethical lending practices.
• Fair Interest Rates – Regulated lenders provide competitive and transparent loan terms.
• Data Privacy & Security – Approved apps must adhere to data protection laws, ensuring user information remains safe.
• Reliable Customer Support – Licensed lenders offer proper customer service channels for assistance.

Now, let’s take a detailed look at the 10 legitimate loan apps in Tanzania that have been licensed and approved by the Bank of Tanzania (BoT). The bank asked the public only to engage with Genuine approved loan apps.

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1. Airpay Rafiki Loan App

Overview:
Airpay Rafiki Loan App is one of Tanzania’s most trusted digital lenders, offering fast, unsecured loans to individuals and small businesses. The app has gained popularity for its flexible repayment terms and instant loan disbursement.

Key Features:

• Loan amounts: TSh 10,000 – TSh 2,000,000
• Repayment period: 7 – 90 days
• Competitive interest rates APR 14% to 28% per year
• No collateral required
• User-friendly app interface

How to Apply:

1. Download Airpay app from Google Play Store.
2. Register with your NIDA ID and mobile number.
3. Submit a loan request and receive funds instantly upon approval.

Contact Airpay Rafiki Loan App Customer Care Support through: care@airpay.tz , +255699999300

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2. Sava Loan App

Overview:
Sava Loan App provides instant personal loans to salaried employees and business owners in Tanzania. It is known for its fast approval process and low processing fees.

Key Features:

• Loan amounts: TSh 50,000 – TSh 3,000,000
• Interest rate: 2% – 5% per month
• Repayment terms: 30 – 180 days
• Requires a valid Tanzanian ID and mobile number

How to Apply:

1. Download and install the Sava Loan App.
2. Register and complete the KYC verification.
3. Apply for a loan and receive funds within minutes.

Loan Repayment

Repayment for Sava loans is done via mobile money: Mpesa/Tigo as follows:

Open wallet, choose Paybill M-pesa/ Tigo

Compay Number : 101010

For account Number, enter Sava registration account number

Enter amount

Enter your pin to authorize transaction

Sava Loan App Customer Care

Support through: Email: support@sava.co.tz, phone: +255 672600151

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3. Y9 Loan App

Overview:
Y9 Loan App focuses on providing loans for small businesses and entrepreneurs in Tanzania. It has a strong reputation for supporting microfinance initiatives.

Key Features:

• Loan amounts: TSh 20,000 – TSh 5,000,000
• Interest rate: 3% – 8% per month
• Repayment period: 30 days – 12 months
• Supports business and personal loans

How to Apply:

1. Download the app and create an account.
2. Provide business registration details (if applying for a business loan).
3. Get approved and receive funds instantly.

How To contact customer care services for Y9 loan app

Contact Y9 loan app customer service through: Email:info@y9bank.tz

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4. Cash-Swift Loan App

Overview:
Cash-Swift Loan App is well-known for providing quick emergency loans with minimal documentation. It is ideal for those in urgent financial need.

Key Features:

• Loan amounts: TSh 5,000 – TSh 1,500,000
• Interest rate: 2.5% – 6% per month/ 12% -36% APR per year
• Loan approval within minutes
• Repayment via mobile money (M-Pesa, Tigo Pesa, Airtel Money)

How to Apply:

1. Download the Cash-Swift Loan App.
2. Register using your NIDA ID and phone number.
3. Apply for a loan and receive funds instantly.

Cash-swift Loan App Tz Customer Care

Incase of any challenges contact Cash-swift app customer care through: Email: cashswift2at@gmail.com

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5. OnePesa Loan App

Overview:
OnePesa Loan App offers flexible repayment plans, making it a great option for borrowers who need short-term loans. It provides credit to both salaried individuals and small traders.

Key Features:

• Loan amounts: TSh 10,000 – TSh 2,500,000
• Repayment period: 14 – 120 days
• Competitive interest rates from 0.11% per day
• Supports mobile and bank transfers

How to Apply:

1. Download the app from the Play Store.
2. Sign up and complete verification.
3. Request a loan and get approved within minutes.

Contact OnePesa Loan App Customer Care Support through: info@onepesa.co

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6. Mumu Money Loan App

Overview:
Mumu Money Loan App is one of the most trusted microfinance lending platforms in Tanzania, known for affordable repayment plans and transparent fees.

Key Features:

• Loan amounts: TSh 10,000 – TSh 3,000,000
• Low processing fees
• Simple online application process
• Fast loan approval

How to Apply:

1. Download the Mumu Money Loan App.
2. Complete your registration with valid identification.
3. Apply and receive the loan instantly.

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7. Kilimo Pesa USSD Loans

Overview:
Kilimo Pesa offers USSD-based loans specifically designed for farmers and agribusinesses in Tanzania. It provides credit to support agriculture-related expenses.

Key Features:

• Loan amounts: TSh 10,000 – TSh 1,000,000
• Accessible via USSD code (no smartphone needed)
• Low-interest rates for farmers
• Flexible repayment based on harvest cycles

How to Apply:

1. Dial the Kilimo Pesa USSD code.
2. Register and apply for a loan.
3. Receive funds via mobile money.

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8. Timiza App / USSD Loans

Overview:
Timiza offers both app-based and USSD-based loans, making it accessible to both smartphone and feature phone users.

Key Features:

• Loan amounts: TSh 20,000 – TSh 2,000,000
• Repayment: 7 – 90 days
• Available through mobile app and USSD code
• No collateral required

How to Apply:

1. Download Timiza App or dial the USSD code.
2. Register and apply for a loan.
3. Receive funds directly into your mobile wallet.

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9. Laina Finance Loan App

Overview:
Laina Finance specializes in business loans, offering larger amounts for entrepreneurs and SMEs.

Key Features:

• Loan amounts: TSh 5,000 – TSh 3,000,000
• Repayment period: 3 – 12 months
• Monthly interest rates 5% to 25%
• Business-friendly loan terms
• Requires business registration for larger loans

How to Apply:

1. Download the Laina Finance App.
2. Provide business and personal details.
3. Apply for a loan and receive funds upon approval.

Contact Laina Finance Loan App Customer service through: +255 768 170 000

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10. Flexicash Loan App

Overview:
Flexicash Loan App is one of the most user-friendly loan apps in Tanzania, offering flexible repayment terms and low-interest loans.

Key Features:

• Loan amounts: TSh 10,000 – TSh 1,000,000
• Quick disbursement within minutes
• APR Maximum 36% per year
• No collateral required
• Loan extension options available

How to Apply:

1. Download and install Flexicash.
2. Sign up and verify your details.
3. Apply for a loan and get instant approval.

Flexicash Customer Care Support

contact Flexicash Loan App Customer service through: Email:flexicash.support@sharpmfi.com

+255 740 009 403

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Conclusion

The loan apps listed above are all licensed and approved by the Bank of Tanzania (BoT), ensuring they are safe, reliable, and compliant with financial regulations. Before applying for a loan, borrowers should compare interest rates, repayment terms, and eligibility criteria to select the best option for their needs. Always borrow responsibly and ensure that you can repay within the agreed timeframe to avoid additional charges.