Mwachangu - Instant Loan

Mwachangu

About this app

Welcome to Mwachangu app, we are an instant loan app

▌Why Choose Us
● Provide up to 5000ZMW
● The application process is completely online, and loan requests are quickly approved
● User information encrypted transmission, safe and reliable

▌Product Details
Loan Amount: ZMW 100 – ZMW 5000
Loan term: 91-180 days
Annual interest rate: 19.45% ~ 31.29%
Service fee rate: 1% ~ 3%
If you successfully apply for a 1000ZMW loan, you choose a repayment period of 90 days. The annual loan interest rate is 20%, and the service interest rate is 1%
Your final total cost will be as follows:
Daily interest rate: 0.05%
90-day interest: 49.32 ZMW
Service charge: 10 ZMW
Total repayment: 1059.32 ZMW

▌Application Conditions
● Zambian users
● 20-65 years old
● Have a stable source of income

▌Application Process
● Fill in the basic information
● Select the loan amount
● Submit a loan application

▌Information Security
Mwachangu undertakes to protect your personal data from unauthorized access, misuse and disclosure using correct security measures depending on the type of data and how we process it.

▌Privacy Agreement
https://www.mwachangu.com/agreement/privacy

▌Contact Us
Email: [e-mail]
Location: 10101 Mumana Road Olympia Lusaka, plot number 6616/A Number 39

Ratings and reviews

Let's forget about the glitches in the app, that seems to have been worked on. This started out well now they won't increase days in which the loan is to be paid back (still at 8days after four timely payments). The amount to be loaned after K750 despite paying on time and receiving sms messages from the company saying that I qualify for a much higher amount still won't be increased. It's basically like parting away with K200 every week, it's worse than going to a loan shark. Disappointing.

Your customer service is a masterclass in avoidance. You won’t pick up calls, and on the rare chance you do, you cut the line. I’m trying to request a loan extension, but of course that feature on the app is conveniently broken. Meanwhile, you dodge every call as if you’ve developed a phobia for them—or maybe you’re just having a great time piling on daily overdue charges. Truly, what a reptilian way to run a business.

The app is great, quick response, Major problems, interest rates just huge, false messages which doesn't apply, days of payments too short, messages of intimidations from your agents which makes your clients uncomfortable. We get loans knowingly that it's must we have to pay back. Lastly penalty fee mmmm kindly look into that and be fair. Thank you. Keep it up.