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Personal Loan

Enables employees to gain access to financing so as to meet their personal needs such as home furniture, travel, expenses e.t.c.

Maximum repayment amount

 

 

 TZS 60 million or USD equivalent

 

Maximum repayment period

60 months

 

Terms and conditions

Total loan repayment should not exceed 1/3 of applicant's net salary. Interest rate is on a reducing balance basis. The bank  can revise the interest rate  depending on the market conditions without prior notice to the customer.

 

Open a bank account at BANK OF AFRICA - TANZANIA employee's undertaking to channel salary through employee's bank account at BANK OF - AFRICA TANZANIA

 

 

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