Karen Credit

Karen Credit Limited Your trusted partner for reliable Cash Loans!

Privacy & Data Protection At Karen Credit Limited, we are committed to safeguarding the personal information of all applicants and customers who utilize our loan services. This privacy policy outlines how we collect, use, share, and protect your data in accordance with the Personal Data Protection Act of 2022 and the guidelines established by the Bank of Tanzania.

Loan Terms ==> Interest Rate: 3% per 30 days ==> Minimum Repayment Period: 90 days ==> Maximum APR: 36% (inclusive of interest and processing fees) ==> Repayment Method: Full repayment or approved installments

No loan requires full repayment in under 60 days unless the effective APR is well below 36%

Representative Example ==> Loan Amount: 200,000 TZS ==> Loan Term: 90 days ==> Interest Rate: 3% per 30 days (APR: 36%) ==> Processing Fee: 44,000 TZS ==> Estimated Interest: ~18,300 TZS

Total Repayment: 262,300 TZS

Due Date: 90 days from disbursement

Fees & Interest Processing Fee: One-time fee applied at loan approval

==> Interest: Calculated on principal and loan term ==> APR: Clearly displayed to reflect the full annualized cost of credit

All fees, interest, and due dates are disclosed before loan acceptance

Repayment ==> Repay anytime up to your due date ==> Early repayment allowed with no penalty

Any late charges are fully disclosed before loan acceptance

Compliance Statement Karen Credit Limited complies with all applicable local laws and regulations governing personal loans. Transparency, fairness, and customer data protection are core principles of our operations.