Loan questions，MkopoWako is at your service 24 hours a day

Loan questions

MkopoWako is at your service 24 hours a day

Loan questions MkopoWako is at your service 24 hours a day

What is MkopoWako?

MkopoWako is an online lending platform focused on providing fast and convenient loan services to Tanzanians.

What conditions do I need to meet to apply for a loan from MkopoWako?

Applicants usually need to be over 18 years old, have a stable source of income, and be able to provide relevant identification and other information.

How much money can I borrow through MkopoWako?

The loan amount depends on your credit profile, income level and your loan needs, and usually ranges from TZS 10,000 to TZS 1,000,000.

How long does it take for a loan application to be approved?

Normally, MkopoWako will approve your loan application within 24 hours. Once approved, funds will be transferred to your account within a short period of time.

Do I need to pay an application fee?

MkopoWako does not charge application fees and you can submit your loan application for free.

Does MkopoWako offer installment payment options?

Yes, MkopoWako offers flexible installment options to make it easier for you to manage your loan repayments.

What happens if I cannot repay my loan on time?

It is recommended that you contact MkopoWako as soon as possible to discuss a solution together to avoid overdue fines or other additional fees.

Where can I find MkopoWako’s contact information?

You can find our contact details on MkopoWako’s official website to contact us.

Can I change my repayment plan during the loan term?

Yes, if you need to adjust your repayment plan, please contact MkopoWako's customer service team in time and we will try our best to provide you with help and support.

How to apply for a loan from MkopoWako?

You can download the application through the MkopoWako website or Google Play and register to submit a loan application. The loan can be used after waiting for approval.

What is the loan interest rate at MkopoWako?

MkopoWako's loan interest rates are based on the loan amount, term and personal credit rating, which you can obtain during the application process.

How long can I borrow for?

MkopoWako offers flexible loan terms, usually ranging from 3 months to 6 months, depending on your needs and loan amount.

Will MkopoWako check my credit history?

Yes, MkopoWako may conduct a credit history check to evaluate your loan application.

Can I apply for a loan on the weekend?

Yes, MkopoWako’s online loan service is available year-round and you can submit your loan application at any time.

What can I do with my loan funds?

You can use the loan funds according to your personal needs, such as paying bills, purchasing goods, emergency expenses, etc.

Can I pay off my loan early? Are there any early repayment fees?

Yes, you can pay off your loan early at any time without any additional fees or penalty interest.

Where can I get information about MkopoWako’s loan products?

You can obtain loan product information through MkopoWako’s official website, mobile application or by calling customer service phone number.

Is my personal information safe?

Yes, MkopoWako attaches great importance to the security of customers' personal information and has taken necessary measures to protect customer privacy.