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Term Loan

Financing offered to businesses that are already in operation to support their business needs such as business expansion and asset acquisition.

 

Features

Minimum loan amount – TZS 10 million

Tenor – up to 18 months (short term); up to 36 months (medium term); up to 60 months (long term)

Requirements

Turnover of not less than 5 times of requested amount

Collateral – legal mortgage (preferably), cash cover, corporate guarantee (for very structured companies)

Open an account at BANK OF AFRICA

Benefits

  • Enables the customer meets his/her cash flow needs
  • Ensures that the customer will have cash available at all times

 

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