Business Loan

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FOR THE SUSTAINABLE GROWTH OF YOUR BUSINESS

The Business Loan is a business credit facility that is designed to finance business operations of Small and Medium Enterprises individually.

Why should you apply for this loan?

  • Facilitate the performance and growth of your business.
  • Loan amount is dependent on business performance and thus will not be a burden.
  • Flexible loan term repayment plans.
  • Competitive interest rate.

Eligibility Criteria for Business Loan

  • Applicants must be entrepreneurs who are Tanzanian citizens, have a valid ID card, and be of age 18 years and above.
  • They must have an existing business with at least 6 months experience in operation.

Enjoy the benefits of Business Loan

  • Credit facility of up to TZS 150 Million.
  • The loan is delivered within 5 working days from the date applications are received (upon submission of proper documentation and fulfillment of all requirements).
  • No need of business plan for loan request.
  • Monthly loan installments that can be done through mobile phone.
  • Free insurance, cover the business on unforeseen events and free life insurance for the client, spouse and 4 children under the age of 18.
  • Flexible loan term from 3-18 months.
 
 
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