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.