Corporate in the Republic of Tanzania
OD/BD/ Pre & post shipment credit DL/LC, Guarantee, TL
OD/BD/ Pre & post shipment credit DL/LC, Guarantee, TL
Within single / group borrowers exposure limit as per BOT regulation 2001
WC-12M, DL-36M, TL-36-84M
25%- Stock , 25% - book debts, 25%- machinery, 35% L& B, Mrgin- NIL (if Mortgage property more than loan limit)
Tshs: PLR plus spread.
Facility agreement, Debenture, legal mortgages, chattel mortgages , Charge on fixed and floating assets, Personal guarantee of directors / third party with sound means, Mortgage of freehold property either in the name of the Borrower or third party, Bank Deposits, Shares listed in stock exchange, Government securities like Treasury Bills, Bond, Any other security acceptable to the Bank.
Stocks, P & M, F& F, Buildings charged to bank
Small and medium size Business Firms , Capital investment-TSH. 5-500Mn
Term Loan/Overdraft /Bill purchase/discounting/Pre/Post shipment export credit/demand loan, L/C / Guarantee excluding standby L/C or Guarantee
Term Loan/Overdraft /Bill purchase/discounting/Pre/Post shipment export credit/demand loan, L/C / Guarantee excluding standby L/C or Guarantee
Max. Tsh.500 Mn
OD - 12 M , TL- 36-84 M
25%- Stock , 25% - book debts, 25%- machinery,Cash Margin of 10 to 20 % for NFB facility 35% L& B
Tshs: PLR plus spread.
Facility Agreement covering Hypothecation of Current Assets signed by the Borrower, Debenture mortgage/chattel mortgage, Personal guarantee of directors / third party, Legal mortgage of freehold property as collateral.
Stocks, P & M, F& F, Buildings charged to bank
Individual / Group.
Construction and acquisition of New Dwelling Unit, financing purchase of old dwelling unit not more than 15 years provided the flat/house is structurally strong, purchase of a plot (building will be constructed within two years), repair/renovations/extension of the existing house, repayment of the loan already availed from any other institutions.
Housing Loan
Tsh.500.00Mn instead of Tsh.250.00Mn
Upto 15 years
20% for construction/acquisition of dwelling unit (including cost of land).
25% for repair/renovation/extension of existing dwelling unit.
30% for purchase of old dwelling unit.
35% for purchase of plot only.
Repayment upto 3 years : PLR + 1.00% p.a.
3 years to less than 5 years : PLR + 2.00% p.a.
5 years to 10 years : PLR + 3.00% p.a.
10 years and above : PLR + 4.00% p.a.
Legal mortgage of the property,Personal guarantee of one or more persons with an aggregate net worth twice the loan amount.
The property should be fully insured by covering appropriate risks and the policy should be assigned Bank’s name as “Loss Payee”.
General Medical Practitioners (GPs), Specialist Doctors, Solicitors, Counsels, Surveyors, Chartered Accountants, Architects, Engineers etc. and Consultants in various fields.
For purchase of Office Equipments, Computers, furniture and fittings, interior decoration, motor vehicles, etc. or for any other personal purpose.
Demand Loan /Term Loan
Min -Tsh.1.0Mn , Max- Tsh.100Mn
Max- 60 m
Min 10%.
Tshs: PLR plus spread.
Facility Agreement to be signed by the borrower, Personal guarantee/s of one or more persons with an aggregate net worth twice the amount of loan, Chattel mortgage, Legal mortgage of the property of the borrower or third party.
The assets acquired out of the loan amount are to be insured against appropriate risks and the relevant policy is to be assigned Bank’s name as “LOSS PAYEE”.
Employees of Government undertakings / Government Departments / Public Sector / Corporate / Well established Companies, etc. taxable income exceeding Tsh.3.0 Mn per annum and are working at least for one year in the same organization or other individuals not employed.
purchase of new consumer goods / to meet personal needs like purchase of cars, two wheelers, computers, furniture, music systems, television, VCR, refrigerator, washing machine, cooking system, air-conditioners, Repair of house and completion of house or any other personal requirement.
Personal Loan (Clean/secured)
Min- Tsh 1.0 Mn. and Max- Tsh 25.00 Mn.
Max- 60 m
Nil
Tshs: PLR plus spread.
Irrevocable letter of undertaking from the employer, Chattel mortgage of vehicle if available, Personal guarantee of one or more persons acceptable to the Bank , Legal mortgage of property of the borrower or third party , In absence of Mortgage and Chattel Mortgage, clean loan can be considered.
The property or assets should be fully insured by covering appropriate risks and the policy should be assigned Bank’s name as “Loss Payee”.
persons engaged in retail trade of any commodity / goods(annual turnover - Tsh. 1.0 Bn)
Purchase of equipment such as furniture, fixture, refrigerator, vehicle, tools, motor vehicles etc.,which are essential for carrying on the business, Acquisition / repairs or renovation of the business premises, Working capital requirements.
DL/TL/OD
Max-Tsh.200Mn
OD- 12 m, TL/DL- 1-5 Years
25 % for Term Loan and Demand Loan,Draw power will be allowed equal to the limit provided the security offered is equal or more than the limit in case of Overdraft limit.
Tshs: PLR plus spread
Facility agreement signed by the borrower, Debenture mortgage/ chattel mortgage, Personal guarantee of proprietor/partners /Directors, Legal mortgage of property worth twice the loan amount.
The property or assets should be fully insured by covering appropriate risks and the policy should be assigned Bank’s name as “Loss Payee”.
Any business / profession independently with or without hired labour
For purchase of equipment / vehicle, For repairs of existing equipment, For acquisition, repairs or renovation to the business premises, For purchase of tools, For working capital requirements.
DL/TL
Hair dressers, beauty parlors, - up to Tsh. 5.0Mn Tailors, contractors, purchase of taxi - up to 90% of the cost of vehicle, others - not to exceed Tsh.10 Mn.
Max - 5 years
25%
Tshs: PLR plus spread.
Charge on assets created out of the loan amount,Collateral security or third party guarantee to be obtained.
The property or assets should be fully insured by covering appropriate risks and the policy should be assigned Bank’s name as “Loss Payee”.
Individual/Company/Firm having business at Tanzania
Any purpose except speculation of any type and unlawful activities
TL/DL/OD
Maximum Tzs.500 Mn or USD.0.50 Mn
DL/TL - max 60 m , OD - 12 m (renewable)
40% of the market value of the property to be mortgaged
Tshs: PLR plus spread.
Legal Mortgage of un-encumbered residential/commercial property/Plot of land standing in the name of the applicant,As far as possible Loan against tenanted property should not be considered. However, the loan can be considered against the tenanted property after obtaining legal opinion from the advocate about enforceability under the law, Consent of spouse to be obtained in case of property stands in the name of individual.
Property to be insured against all risk (Comprehensive)