Requirements
To qualify, the applicant must:
- Be a civil servant or an employee, shareholder, director or proprietor of an organization with which the Company has prior arrangement or be a consignee of goods for which customs duties have to paid.
- Furnish a certified copy of a valid ID (driving license, national ID, voter's ID)
- Furnish a certified copy of TIN.
- Furnish one recent colour passport sized photograph
- Furnish a copy of the quotation from the relevant institution.
- Furnish a certified copy of the certificate of incorporation/registration (for business owners only)
- Furnish certified copies of latest 3 months pay slips (for salaried employees only)
- Furnish certified copy of the employment contract (for salaried employees only) and
- Sign the requisite loan agreement.
Terms
- Repayment period ranges from 1 to 18 months (maximum)
- There are no penalties where the borrower opts to discharge financial liability before the end of the contract term.
Amounts
Minimum loan amount: TZS. 100,000.00
Maximum loan amount: TZS. 5,000,000.00
Access to Facility
The customer will be able to access the facility within 24 hours upon receiving a notice of approval which may be sent either physically or electronically.