Terms and Conditions
Please read these terms carefully before using Moshi Credit services.
Table of contents
Eligibility
To use Moshi Credit services, you must be at least 18 years old, possess a valid NIDA identification number, and have an active mobile money account registered in your name. By registering, you confirm that all information provided is accurate and truthful.
Loan Application & Approval
All loan applications are subject to automated credit assessment using identity verification and relevant credit data sources. Approval is not guaranteed and depends on eligibility criteria determined by our risk assessment system. Moshi Credit reserves the right to approve or decline any application.
Loan Amount & Tenure
Eligible users may apply for loans within their approved credit limit, typically ranging from TZS 10,000 to TZS 50,000. All loans must be repaid within the agreed repayment period, as clearly displayed in the app before confirmation.
Interest & Fees
Loan interest, service fees, and any applicable penalties will be clearly displayed before loan acceptance. By confirming a loan request, you agree to repay the total amount shown, including principal, interest, and any applicable charges.
Repayment Obligations
Borrowers are responsible for repaying the full loan amount on or before the due date using approved mobile money channels. Failure to repay on time may result in penalties, increased payable amounts, and potential restriction of future access to Moshi Credit services.
Late Payment & Default
Late repayment may attract penalties as outlined in the loan agreement. Continued non-payment may result in account suspension, blacklisting, and reporting to relevant credit reference bureaus in accordance with applicable laws and regulations.
Data Protection & Privacy
Moshi Credit collects and processes personal data in compliance with applicable data protection laws. Information provided during registration and loan processing is used strictly for identity verification, risk assessment, fraud prevention, and service improvement.
Limitation of Liability
Moshi Credit shall not be held liable for any indirect, incidental, or consequential losses arising from the use or inability to use the platform, including but not limited to service interruptions, system errors, or delays caused by third-party service providers.
Account Suspension & Termination
We reserve the right to suspend or terminate accounts that provide false information, engage in fraudulent activity, or violate these terms. Users may discontinue use of the service at any time, provided all outstanding obligations are settled.
Changes to Terms
Moshi Credit reserves the right to modify these Terms and Conditions at any time. Updated terms will be made available within the app and on the website. Continued use of the service constitutes acceptance of the revised terms.
