Maximum Loan Amount given is Tshs 50,000,000
Loan amount above the limit is to be secured by landed property by borrower apart from Guarantee by employer
Turn around time 1 day
Repayment Period is Minimum 6 month and Maximum 84 months
Insurance rate is only 1.7%
Buying back loans from other banks is applicable.
Top up for existing loans is allowed, after repaying half of the period.
Salaried Loan Requirements
Application form duly completed.
Original Salary/pay slip recent plus two copies of previous months.
Work or residence permit for Non-Tanzanians
Private sector employees-employee should be confirmed to employment and application supported by the Signed collective Guarantee agreement and security.
For Government employees be confirmed to the employment and signed collective Guarantee agreement.
The bank must have an arrangement with your employer.
Maximum age limit is 57 years old
Account opening requirements for Loan Applicants only
Two passport size photos
Introduction letter from employer
Valid work ID/ Passport-. Originals to be viewed and copies attached
Opening balance Tshs 20,000.
ATM card TZS. 13,000
Carter for employees’ finance needs and assists employees to gain financial home needs.