Features

• Minimum opening balance TZS. 50,000

• Low minimum opening balance

• Tenors of 1 to 12 months

• No account maintenance charges

• Borrow against your fixed deposit balance

• Attractive interest rates

• Flexible period terms-Fixed deposits for 3 to 12 months

• Interest on monthly minimum balance applied annually

Benefits

• Help savings growth

• Economical

• Secure deposits

• Easy to open guaranteed future income

• Stress free withdrawal upon maturity

• Negotiable rates on amounts higher than TZS 100 Million

• Borrow against own fund, emergency loan- We maintain 80% of credit balance

Charges

• No charges

Requirements For Individuals

• Funds to be invested

• Fill application form

• Two quality colour Passport sized

• Letter from local leader/employer, passport, copy of driving license

• ID- original to be viewed and copy attached

Requirements For Companies

• Certificate of registration, Business license, Certificate of Incorporation- original to be viewed and copies attached.

• Board resolutions to open account

• Two quality colour Passport sized of each signatory.