MaestroLoan 1.0.3

Maestro Loan is a financial application designed to facilitate quick and straightforward access to personal loans. Its streamlined application process, minimal eligibility requirements, and competitive interest rates make it a practical option for individuals seeking timely funding without unnecessary complications.

The platform offers transparent pricing, with annual interest rates ranging from 18% to 36%. Borrowers can select loan terms spanning from 91 to 365 days. The key product specifications include:

• Loan amounts from TZS 10,000 to TZS 1,000,000
• Loan durations between 91 and 365 days
• Annual interest rates between 18% and 36%

For illustrative purposes, consider a scenario where a borrower takes out a loan of TZS 100,000 for 91 days at an APR of 20%. The interest accrued would be TZS 4,987, calculated as follows:

• Interest: TZS 4,987 = (100,000 TZS * 20%) * (91 / 365)
• Service fee: TZS 0
• Total repayment amount: TZS 104,987 = 100,000 TZS + 4,987 TZS

Eligibility requirements include:

• Possession of a valid Tanzanian ID
• Aged between 20 and 60 years
• Stable employment status
• Tanzanian citizenship

The application process is straightforward:

1. Complete a simple online form
2. Await loan approval notification
3. Receive the funds directly into your bank account

For further assistance, you can contact the service team via email at [email protected]. The office is located at 203 Kawawa Rd, Magomeni, Dar es Salaam.