Introduction
TiFi Slice loan app is a product of TiFi Slice which is a financial institution in Kenya. TiFi Slice loan app offers instant personal loans ranging between KSH. 3,000 and KSH. 200,000.
TiFi Slice loans are processed instantly and disbursed to the customer’s M-Pesa account in less than five minutes after approval.
In this article, I will reveal to you everything you need to know about TiFi Slice loan app including how to borrow loans from them, how to repay their loan, their contacts, and their paybill number. I hope that this article will help you make an informed decision when choosing who to borrow from.
Read also: How to borrow instant loan on Apesa loan app.
Read also: How to borrow instant personal loan on CashForest loan app in Kenya 2022
How to download TiFi loan app
To download TiFi loan app, first head to your google playstore (This app is only available in google playstore).
After heading to Google play store, search for TiFi loan app and it will appear as the first search result. Go ahead to download and install the app after which you will proceed to begin the process of registration.
Avoid downloading lending apps from other platforms other than official google paly store or apple app store because they might be fake.
To avoid following the long process, you can click on this link which will direct you to google play store and the location of the app.
How to borrow instant loan from TiFi Slice loan app
To borrow loan from TiFi loan app, you must have the following qualifications;
- National ID
- Physical address
- Must be 18 years and above
- Must be a Kenyan resident
After meeting the above qualifications, go ahead to create a new account on the app and verify the account.
After successfully verifying your account, your loan limit will be updated on the app. Go ahead to apply for your first loan from the app. (The amount should be within your loan limit).
How to pay TiFi loan
TiFi loan app lacks a paybill number. All the transactions are therefore carried out by M-Pesa express through the TiFi loan app.
To access this feature, log into Your app and head to loan section, go ahead to pay my loan and enter your details.
The transaction will be carried out automatically after entering your M-Pesa pin. The transaction will then be updated on your app and the new loan balance and new loan limit will be updated.
Tifi loan app interest rate
TiFi loan app charges interest rate ranging between 12% and 50%. The interest one is supposed to pay depend on the payment plan one settles on when borrowing the loan.
When one settles on a long payment plan, they will end up paying more interest as compared to one who settles on short payment period.
TiFi Slice loan app paybill
TiFi loan app lacks a paybill number. The transactions are therefore channeled through the official app using the M-Pesa express transaction.
TiFi Slice loan app customer care contacts
You can contact TiFi slice loan app using the following communication platforms; Email: help@tifislice.com
TiFi loan repayment period
TiFi gives customers 91 days to repay their loans. This is the shortest repayment period one can take to pay the loans. The loan term can however extend to one year depending on the amount borrowed.
Disadvantages of TiFi Slice Loan app
- TiFi loan app lacks a paybill number and this makes it difficult to repay their loans
- TiFi loan app cks active social media handles and phone numbers which makes it difficult to reach them
- TiFi loan app charges up to 50% interest on loans which is very high as compared to other lending apps
Marion Mwangangi is a Journalism student at Multimedia University of Kenya. Apart from being a student, she is a professional graphic designer, an SEO expert and a video editor. Email: mwangangimarion340@gmail.com