New Loan Apps in Tanzania 2025

The digital lending landscape in Tanzania has seen rapid growth due to the flooding of new loan apps almost everyday prompting regulatory bodies to take measures to protect consumers. In November 2024, the Bank of Tanzania banned 69 digital lending applications for operating without the required licenses and permits. After the ban many loan apps left the market till early this year (2025) new loan apps are now slowly taking space in the lending industry. These mobile applications offer users quick access to loans, often without the need for collateral, streamlining the borrowing process to meet immediate financial needs.

Here is a Comprehensive list of New Loan Apps available in Tanzania 2025!

Loan App	Loan Limits	Interest Rates
1) PesaYako Loan App	Tsh 10,000 up to Tsh 1 Million	APR 12% to 36% per year
2) UniqueLoan Loan App	Tsh 10,000 to Tsh 1,000,000	APR 12% to 18% per year
3) Miracle Credit Loan App	Tsh 10,000 to Tsh 1 Million	APR 12% to 18%
4) RealPesa Loan App	Tsh 50,000 to Tsh 500,000	APR 18% to 36%
5) Pesasasa Loan App	Tsh 50,000 to Tsh 500,000	APR 5% to 36%
6) Fiery Cash Loan App	Tsh 10,000 to Tsh 800,000	APR 7% to 34%

Pesa Yako Loan App Tz

Pesa Yako is a notable online lending platform in Tanzania, developed by NCHIMIKA MICROFINANCE LIMITED. It provides users with swift loans through a user-friendly mobile application. The app is designed for Android users and can be easily downloaded from the Google Play Store.

Key Features:

• Loan Amounts: Users can borrow between TZS 10,000 and TZS 1,000,000.
• Loan Terms: The repayment period ranges from 91 days to 365 days.
• Interest Rates: Annual Percentage Rates (APR) vary from 12% to 36%.
• Application Process: The entire process is conducted online, eliminating the need for face-to-face interactions. Users create an account, apply for the desired loan amount, and upon approval, the funds are transferred directly to their bank accounts or M-pesa/Tigo accounts
• User-Friendly Interface: The app offers a simple interface, making it easy for users to navigate and access services quickly.
• Security and Confidentiality: Pesa Yako prioritizes the security and confidentiality of users’ personal information.

For customer support, Pesa Yako provides 24/7 assistance, ensuring that users can get help whenever needed. They can be contacted via email at feedback@pesayako.com or through phone: +255 762186789

Unique Loan App Tz

As of March 2025, specific information about the “Unique Loan App Tz” is available on Google playstore. The app offer loans from Tsh 10,000 to 1 Million at an interest rate of between 12% to 18% APR per year with longer repayment schedule from 90 to 180 days .

To Apply For The loans Download the app , register using your personal details including your phone number and National ID. Incase of any challenges, contact Unique loan app customer service through:

Email: sam@pesamloan.com

Miracle Credit Loan App Download Tanzania

Detailed information about the “Miracle Credit Loan App” in Tanzania is currently found at the app via Google playstore.

The app give loans to Tanzanians from Tsh 10,000 up to Tsh 1 Million at low interest rates of APR 12% to 18% per year. The loans are open to Tanzanians from 20 years old with active bank accounts. The loans are sent directly to Bank accounts apon approval.

Incase of any challenges contact Miracle loan app customer care services through: Email:fun@funloantz.com

RealPesa-S Loan App Tz

Realpesa loan app is a new loan app available in Tanzania that offer online loans from Tsh 5000 to Tsh 500,000 at interest rates of APR 18% to 36% per year. The app offer The quick loans to Tanzanians with National IDs and active Mobile wallet account M-pesa or Tigo. To apply for the loans Download the app from Google playstore register and apply.

Contact Customer Care Support through: Email:realpesa@gmail.com

Pesa Sasa Loan App Tz

Currently, this is the most trending loan app in Tanzania. The app offer online loans from Tsh 50,000 up to Tsh 500,000 at offordable interest rate of between APR 5% to 36% per year with longer repayment plan from 91 days to 180 days maximum. The loans are open to Tanzanians with National IDs and active Mobile wallet accounts – M-pesa and Tigo accounts. To apply download the app from Google playstore register and apply. Incase of any challenges contact Customer Care Support through: Email:ixwcerne@gmail.com

Fiery Cash Loan App

Fiery Cash Loan App is one of the newest loan apps in Tanzania giving loans To Tanzanians from Tsh 10,000. To apply for the loans Download the app from Google playstore register and apply. For more details check out the app here.

Regulatory Environment and User Caution

The digital lending landscape in Tanzania has seen rapid growth, prompting regulatory bodies to take measures to protect consumers. In November 2024, the Bank of Tanzania banned 69 digital lending applications for operating without the required licenses and permits. This action underscores the importance of engaging only with licensed and compliant lenders to avoid potential scams and exploitative lending practices. However as of now , The Bank of Tanzania (BoT) has licensed and Approved 10 loan apps free to offer online loans to Tanzanians as follows:

Mumu Money Loan App

Cash-Swift Loan App

Airpay Rafiki Loan App

Sava Loan App

Y9 Loan App

Timiza USSD loans

Laina Finance Loan App

Kilimo Pesa USSD loans

OnePesa Loan App

FlexiCash Loan App

Recommendations for Users:

1. Verify Licensing: Before downloading and using any loan app, confirm that the lender is licensed by the Bank of Tanzania. This information is typically available on the central bank’s official website or through direct inquiry.
2. Read Terms Carefully: Understand the loan terms, including interest rates, repayment periods, and any associated fees. Be cautious of hidden charges that may not be immediately apparent.
3. Assess Data Security: Ensure that the app has robust data protection measures in place to safeguard your personal and financial information.
4. Seek Reviews and Ratings: Look for user reviews and ratings on official app stores and independent review platforms to gauge the experiences of other borrowers.
5. Be Cautious with Permissions: Pay attention to the permissions the app requests upon installation. Unnecessary access to personal data may be a red flag.
6. Customer Support: Opt for lenders that offer reliable customer support to address any queries or issues that may arise during the loan application or repayment process.

By exercising due diligence and staying informed, users can navigate the digital lending space in Tanzania more safely and effectively, ensuring that they engage with reputable platforms that offer fair and transparent financial services.