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Swift Loan(SL)

Interest Rate: Company's Standard Rate/Negotiable

This is a loan to carter for all emergencies such as school fees, health, funerals, hospitalization, etc.

Requirements

To qualify, the applicant must:
  1. Be a civil servant or an employee, shareholder, director or proprietor of an organization with which the Company has prior arrangement.
  2. Furnish a certified copy of a valid ID (driving license, national ID, voter's ID)
  3. Furnish a certified copy of TIN (For business owners only).
  4. Furnish one recent colour passport sized photograph
  5. Furnish a certified copy of the certificate of incorporation/registration (for business owners only)
  6. Furnish certified copies of the latest 3 months pay slips (for salaried employees only)
  7. Furnish a three months bank statement.
  8. Furnish certified copy of the employment contract (for salaried employees only) and
  9. Sign the requisite loan agreement.

Term

  1. Repayment period ranges from 1 to 6 months (maximum) for entrepreneurs and 1 to 60 months (maximum) for salaried employees.
  2. There are no penalties where the borrower opts to discharge their 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.