Mkopo Haraka -Kwa Dakika Mbili is an Android application developed by shaazi in the category of Business & Productivity, specifically Finance. This app allows users to get instant loans on their phone wallets. With the Credit Loans App installed, users can seamlessly access favorable loans.

The platform offers a loan amount ranging from TSh 500 to TSh 50,000, with a loan period of 91 days to 365 days. The maximum loan limit is TSh 80,000, and the maximum annual percentage rate (APR) for interest is 25%. There is also a service fee ranging from TSh 95 to TSh 199.

To be eligible for a loan, users need to be at least 18 years old or above. The loan repayment amount is calculated based on the loan amount and interest rate, minus the processing fee. For example, if the loan amount is TSh 3000, the total interest would be TSh 780. If TSh 95 is paid as the application fee, the total repayment amount would be TSh 3,685.00.

Mkopo Haraka -Kwa Dakika Mbili offers several advantages for loan applicants. No credit report is required, and the app is available across Ghana. As the credit score grows, the loan limit gradually increases. The app also provides a variety of convenient repayment methods and allows for loan extensions if the borrower doesn't have enough money to repay. The process is paperless and digital, accessible on mobile devices. No collateral is required, and loans are disbursed directly to the user's Phone Wallet within 1 minute of approval.

To apply for a loan, applicants must be residents of Ghana or Tanzania, betweenyears old, and have a source of income. The physical address of shaazi is located at 6th Floor, 246 Toka Street, Accra, Ghana.