Back to School Loan
This is a short term facility that offers financing of school fees for children whose parents operate bank accounts at BANK OF AFRICA - TANZANIA.
Minimum loan amount -TZS 1 million or USD equivalent
Maximum loan amount -TZS 10 million or USD equivalent
Maximum repayment period- 10 months
Term, and conditions
Total loan repayment should not exceed1/3 of their net salary. the interest rate is on reducing balance basis. the bank can revise the interest rates depending on the market condition without prior notice to the customers.
Open a bank account at BANK OF AFRICA - TANZANIA employer's undertaking to channel salary through employee bank account at BANK OF AFRICA - TANZANIA.
Fastest and most easily available of all retail loan products
Lower required borrowing amounts.
Available of a range of products that offer financing for personal needs.