Prepare for your future

Easy loans by Bank of Baroda

  • Features
  • Eligibility
  • Documentation
  • Interest Rates & Charges
  • Terms & Conditions

55% of rent (net of TDS, Advance rent, Security deposit) due and receivables, for the unexpired certain period of lease subject to:

  • Minimum amount of loan: TZS. 100.00 Mn or Equivalent USD
  • For Land lord of Bank of Baroda (Tanzania) Ltd: No Minimum limit
  • Maximum amount of loan: Maximum exposure of Single Group or Group borrower as the case may be.
  • The borrower should be a Tanzanian Resident Owners who have let out or propose to let out their premises to reputed companies/ MNCs / Banks Land lords of Bank of Baroda branch / office premises.
  • Visit our nearest Branch for Documentation.
  • In Tzs, Bank’s Prime lending rate plus 2 to 4 % with monthly rest
  • In USD: 4 % over -3- months USD LIBOR, Minimum 7% with monthly rests
  • Legal Mortgage of the leased properties covering 125 % of the loan value
  • Tripartite agreement amongst the Bank, the borrower and the tenant / lessee providing for payment of the rent directly to the Bank.
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