Work towards your goals

We will provide you with loans!

  • Benefits
  • Features
  • Eligibility
  • Documentation
  • Interest Rates & Charges
  • Terms & Conditions
  • For construction of New Dwelling Unit.
  • For acquisition of New Dwelling Unit.
  • For financing purchase of old dwelling unit not more than 15 years provided the flat/house is structurally strong.
  • For purchase of a plot on an undertaking by borrower that with the help of bank finance or otherwise, building will be constructed within two years from the date of purchase of plot.
  • For repair/renovations/extension of the existing house.
  • For repayment of the loan already availed from any other institutions.
  • For purchase of Office Equipments, Computers, furniture and fittings, interior decoration, motor vehicles, etc. or for any other personal purpose.
  • Individual / Group.
  • Applicants should normally be citizens and residents of Tanzania, although applications from temporary residents will also be considered at the discretion of the Bank.
  • Minimum -21- years and maximum -60- years for salary earner and -65- for other than salary earner including repayment period of loan
  • Visit our nearest Branch for Documentation.
  • Prime Lending Rate plus spread as per credit rating or as per agreed terms with borrowers and the interest is payable at monthly rests.
  • Application for loan to be accompanied by a copy of latest Income Tax Return of the borrower for last 3 years and a copy of the license to practice from appropriate authority.
  • The applicant should have a practicing experience of more than two years in Tanzania while applying for a loan.
  • Interest at lower level may be considered for advances secured by way of surrender value of life policy / value of mortgages available/security by way of Government securities. Authority for lower interest will be vested with the Managing Director.
  • A penal interest of 2% over the stipulated rate of interest will be levied for any overdue on account of non-payment of interest / installment on due dates.
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