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Enjoy flexible re-payments that fit your financial position.
Mortgage Loan
Own your dream home with up to 90% of the value of the ready or off-plan property you want. With flexible payment terms and repayment periods of up to 25 years, becoming a home-owner is now an achievable goal.
Features
- Minimum loan amount of TZS. 20,000,000 or USD equivalent.
- Maximum loan amount is determined by the borrower’s income.
- Flexible repayment period, determined by borrower’s age.
- Interest rate is calculated on a reducing balance basis.
- Buy-back through other banks is allowed.
- Loan is insured against death or permanent disability.
- Mortgage Protection and Fire Policy Insurance are required.
- Available in TZS and USD.
Equity Release
Unlock the value of your property with financing against an existing mortgage or on a property as collateral. Get up to 50% of your property’s value with the flexibility of up to 25 years repayment period.
Features
- Maximum loan amount determined by borrower’s income.
- Flexible repayment period, determined by borrower’s age.
- Interest rate is calculated on a reducing balance basis.
- Loan is insured against death or permanent disability.
- Mortgage Protection and Fire Policy Insurance are required.
- Available in TZS and USD.
Construction Loan
Build your own home or become a landlord with up to 100% financing, depending on the project, and repayment periods tailored to you. It can be used as an investment loan for alternative-income projects such as building and constructing multiple residential dwellings.
Features
- Maximum loan amount determined by borrower’s income.
- Flexible repayment period, determined by borrower’s age.
- Loan is insured against death or permanent disability.
- Mortgage Protection and Fire Policy Insurance are required.
- Interest rate is calculated on a reducing balance basis.
- Available in TZS and USD.
- Can be charged in foreign currency subject to your source of income.
Housing Finishing Loan
NCBA covers you if you need a loan to finish a house that is built up to 70% for single residential property, multi-dwelling residential property, and investment commercial property.
Features
- Maximum loan amount determined by borrower’s income.
- Flexible repayment period, determined by borrower’s age.
- Loan is insured against death or permanent disability.
- Mortgage Protection and Fire Policy Insurance are required.
- Interest rate is calculated on a reducing balance basis.
- Available in TZS and USD.
- Can be charged in foreign currency subject to your source of income.
- Legal and valuation fees to be met by the borrower.
Getting you over that cash crunch
Getting you over that cash crunch
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