Loan Scheme
  • Finance For Corporates
  • SME
  • Home Loan
  • Loan To Professionals
  • Personal Loan For Individuals / Salaried Employees
  • Scheme For Financing Retail Traders
  • Scheme For Financing Self-Employed Persons
  • Advance Against Property
TARGET GROUP

Corporate in the Republic of Tanzania

PURPOSE

OD/BD/ Pre & post shipment credit DL/LC, Guarantee, TL

FACILITY

OD/BD/ Pre & post shipment credit DL/LC, Guarantee, TL

AMOUNT

Within single / group borrowers exposure limit as per BOT regulation 2001

PERIOD

WC-12M, DL-36M, TL-36-84M

MARGIN

25%- Stock , 25% - book debts, 25%- machinery, 35% L& B, Mrgin- NIL (if Mortgage property more than loan limit)

ROI

Tshs: PLR plus spread.

SECUIRTY

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.

INSURANCE

Stocks, P & M, F& F, Buildings charged to bank

TARGET GROUP

Small and medium size Business Firms , Capital investment-TSH. 5-500Mn

PURPOSE

Term Loan/Overdraft /Bill purchase/discounting/Pre/Post shipment export credit/demand loan, L/C / Guarantee excluding standby L/C or Guarantee

FACILITY

Term Loan/Overdraft /Bill purchase/discounting/Pre/Post shipment export credit/demand loan, L/C / Guarantee excluding standby L/C or Guarantee

AMOUNT

Max. Tsh.500 Mn

PERIOD

OD - 12 M , TL- 36-84 M

MARGIN

25%- Stock , 25% - book debts, 25%- machinery,Cash Margin of 10 to 20 % for NFB facility 35% L& B

ROI

Tshs: PLR plus spread.

SECUIRTY

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.

INSURANCE

Stocks, P & M, F& F, Buildings charged to bank

TARGET GROUP

Individual / Group.

PURPOSE

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.

FACILITY

Housing Loan

AMOUNT

Tsh.500.00Mn instead of Tsh.250.00Mn

PERIOD

Upto 15 years

MARGIN

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.

ROI

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.

SECUIRTY

Legal mortgage of the property,Personal guarantee of one or more persons with an aggregate net worth twice the loan amount.

INSURANCE

The property should be fully insured by covering appropriate risks and the policy should be assigned Bank’s name as “Loss Payee”.

TARGET GROUP

General Medical Practitioners (GPs), Specialist Doctors, Solicitors, Counsels, Surveyors, Chartered Accountants, Architects, Engineers etc. and Consultants in various fields.

PURPOSE

For purchase of Office Equipments, Computers, furniture and fittings, interior decoration, motor vehicles, etc. or for any other personal purpose.

FACILITY

Demand Loan /Term Loan

AMOUNT

Min -Tsh.1.0Mn , Max- Tsh.100Mn

PERIOD

Max- 60 m

MARGIN

Min 10%.

ROI

Tshs: PLR plus spread.

SECUIRTY

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.

INSURANCE

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”.

TARGET GROUP

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.

PURPOSE

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.

FACILITY

Personal Loan (Clean/secured)

AMOUNT

Min- Tsh 1.0 Mn. and Max- Tsh 25.00 Mn.

PERIOD

Max- 60 m

MARGIN

Nil

ROI

Tshs: PLR plus spread.

SECUIRTY

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.

INSURANCE

The property or assets should be fully insured by covering appropriate risks and the policy should be assigned Bank’s name as “Loss Payee”.

TARGET GROUP

persons engaged in retail trade of any commodity / goods(annual turnover - Tsh. 1.0 Bn)

PURPOSE

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.

FACILITY

DL/TL/OD

AMOUNT

Max-Tsh.200Mn

PERIOD

OD- 12 m, TL/DL- 1-5 Years

MARGIN

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.

ROI

Tshs: PLR plus spread

SECUIRTY

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.

INSURANCE

The property or assets should be fully insured by covering appropriate risks and the policy should be assigned Bank’s name as “Loss Payee”.

TARGET GROUP

Any business / profession independently with or without hired labour

PURPOSE

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.

FACILITY

DL/TL

AMOUNT

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.

PERIOD

Max - 5 years

MARGIN

25%

ROI

Tshs: PLR plus spread.

SECUIRTY

Charge on assets created out of the loan amount,Collateral security or third party guarantee to be obtained.

INSURANCE

The property or assets should be fully insured by covering appropriate risks and the policy should be assigned Bank’s name as “Loss Payee”.

TARGET GROUP

Individual/Company/Firm having business at Tanzania

PURPOSE

Any purpose except speculation of any type and unlawful activities

FACILITY

TL/DL/OD

AMOUNT

Maximum Tzs.500 Mn or USD.0.50 Mn

PERIOD

DL/TL - max 60 m , OD - 12 m (renewable)

MARGIN

40% of the market value of the property to be mortgaged

ROI

Tshs: PLR plus spread.

SECUIRTY

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.

INSURANCE

Property to be insured against all risk (Comprehensive)