Utunzi Loan application Assistance uses your answers to the loan application questionnaire as one component of determining your credit worthiness and debt capacity.
Please answer the questionnaire correctly and truthfully. Unemployment or level of education will not prevent you from getting a loan but providing inaccurate information might.
Utunzi Loan Approval / Rejection of your Loan decisions are based on many pieces of information, including income, social media activity, repayment of other loans, M-pesa usage and 10,000 data points.
Users provide this information by filling out the utunzi in-app survey from which their software builds a personal credit file using complex algorithms.
This allows them to provide loans more quickly and to more people in real time than traditional banks.
How Much Can You Borrow With Utunzi Loan App?
Your borrowing ability depends on your credit score but initially you can borrow as little as 500/= to as much as 50000/= , to qualify for higher loans you need to have a high credit score which is achieved by repaying loans on time.