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.
- Furnish a certified copy of a valid ID (driving license, national ID, voter's ID)
- Furnish a certified copy of TIN (For business owners only).
- Furnish one recent colour passport sized photograph
- Furnish a certified copy of the certificate of incorporation/registration (for business owners only)
- Furnish certified copies of the latest 3 months pay slips (for salaried employees only)
- Furnish a three months bank statement.
- Furnish certified copy of the employment contract (for salaried employees only) and
- Sign the requisite loan agreement.
Term
- Repayment period ranges from 1 to 6 months (maximum) for entrepreneurs and 1 to 60 months (maximum) for salaried employees.
- 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.