The Fintech industry in Tanzania is growing very fast with new loan apps entering the lending market almost everyday. This is as a result of the growing appetite for quick loans among Tanzanians as a result fake loan apps has infiltrated the lending market prompting The Bank of Tanzania to regulate the market. This led the the ban of some fake loan apps which were defrauding people and only the Genuine loan apps were left to operate. Among the growing number of online lenders, Cash-swift Loan App Tanzania has emerged as one of the legitimate a reliable solution for fast, secure, and flexible personal loans among Tanzanians. This article explores everything you need to know about Cash-swift — from how it works to how you can apply, repay, and get support.
What is Cash-swift Loan App?
Cash-swift is a mobile loan application tailored for Tanzanians seeking quick personal loans directly on their phones. The app offers loan amounts ranging from TSH 70,000 to TSH 800,000, with low interest rates starting from 1% per month (equivalent to 12%–36% APR annually) and repayment periods of up to 3 months.
Designed for convenience, Cash-swift allows users to:
- Apply for loans 100% online
- Receive funds directly into their mobile money accounts
- Repay loans from within the app
- Access customer support easily
Is Cash-swift Loan App Legit?
Yes, Cash-swift is a legitimate loan provider in Tanzania. The app is run by Adequate T Microfinance which is registered and regulated by the Bank of Tanzania (BoT), ensuring it operates under the country’s financial and consumer protection laws.
Unlike some fraudulent loan apps that operate without licenses, Cash-swift maintains transparency in its terms and charges. It does not require collateral or physical paperwork and provides a secure digital platform for transactions.
How to Apply for a Loan with Cash-swift
Applying for a loan with Cash-swift is fast and easy. Follow these steps:
- Download the App
- Visit the Google Play Store
- Search for “Cash-swift Loan App”
- Download and install the app on your Android device
- Register an Account
- Sign up using your phone number
- Provide your basic information (such as ID, occupation, and income source)
- Apply for a Loan
- Enter your preferred loan amount and repayment period
- Submit your application for review
- If approved, the loan is disbursed instantly to your mobile wallet (e.g., M-Pesa, Tigo Pesa, Airtel Money)
Note: Ensure your details are correct to avoid delays in approval.
How to Repay Your Loan
Cash-swift offers flexible repayment options directly through the app:
- Open the Cash-swift app
- Go to the “Repayment” section
- Select your active loan
- Choose a mobile money payment method
- Confirm the repayment amount and complete the transaction
The app also sends reminders as your due date approaches, helping you avoid penalties and maintain a good credit score.
Customer Support Contacts
For help or inquiries, you can reach Cash-swift via the following:
- Phone: +255 712 178 970
- Email: cashswift2at@gmail.com
Customer support is available during working hours and is responsive to issues such as app errors, repayment problems, or loan application concerns.
Frequently Asked Questions (FAQ)
1. Who can apply for Cash-swift loans?
Any Tanzanian citizen aged 18 and above with a valid ID and active mobile money account.
2. Do I need collateral to get a loan?
No. Cash-swift loans are unsecured, meaning no collateral is required.
3. How long does it take to get a loan?
Most approved loans are disbursed within minutes after successful application.
4. What happens if I delay repayment?
Late repayment may attract penalty fees and could affect your credit score. Always repay on or before the due date.
5. Can I apply for a second loan before repaying the first?
You must clear your current loan before qualifying for a top-up or new loan.
6. Is the app available for iPhone users?
Currently, Cash-swift is only available on Android devices via the Google Play Store.
In Summary
Cash-swift Loan App Tanzania is an excellent option for those seeking quick, secure, and affordable loans without the hassle of paperwork or long bank queues. With competitive interest rates, a simple application process, and support from the Bank of Tanzania, Cash-swift stands out as a trusted digital lender.