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Enjoy flexible re-payments that fit your financial position.
Unsecured Personal Loans
Specially designed financing tailored to provide employees with easy access to unsecured loans to meet their personal needs.
Features
- Maximum loan amount of TZS 80,000,000, or the USD equivalent, for branch banking and
- TZS 110,000,000 for Premier Banking customers.
- Loan repayment period of 6 years (72 months) for civil servants and 7 years (84 months) for non-civil servants.
- Interest rate is calculated on a reducing balance basis.
- Loan is insured against death or permanent disability.
- Eligible for top-up after 6 months.
- Buy-back through other banks is allowed.
Fanikiwa Loans
A loan dedicated to public sector employees i.e government civil servants.
Features
- Interest rate is charged at 17-18%
- Repayment of 72 months
- Loan amount of a minimum of TZS 1 million and maximum of TZS 110 million
- Application turn around time of 48 hours.
Personal Overdraft
A flexible and instant line of credit that allows you to overdraw your account without a penalty.
Features
- Loan repayment period of up to 1 year (12 months).
- Interest rate is charged on reducing balance.
- Loan is available in both USD and TZS.
- Maximum eligibility age of 60 years for salaried individuals and 65 years for non-salaried individuals at the loan maturity date.
Consumer Secured Loan
Get financing for your projects with this facility that allows you to secure your loan through cash or property.
Key Features
- Borrow up to 90% of the security amount.
- Property security is through the provision of a title deed.
- Loan repayment period of up to 6 years (72 months).
- Interest rate is calculated on a reducing balance basis.
- Available in both TZS and USD.
- Maximum eligibility age of 65 years at loan maturity date.
Loans secured by property
- Maximum loan amount of TZS 200,000,000.
- Loan repayment period of 7 years (84 months).
- Interest rate is calculated on a reducing balance basis.
- Loan is insured against death or permanent disability.
- Available in both TZS and USD.
Getting you over that cash crunch
Getting you over that cash crunch
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