Education Loan

SHAPING OUR NATION’S FUTURE TOGETHER

The Education Loan is a credit facility that finances the education industry; the loan can either be for financing an education institution or for paying student fees.

Why should you apply for this loan?

  • Increase investment in your education institution for purchasing assets, renovations or construction of premises
  • For payments of fees for children or relatives
  • Flexible collateral

1. Shule Loan

This is an individual loan for an entrepreneur who owns an educational institution, for instance a school, college, or vocational training institute. The purpose of the loan is to invest in that institution by either purchasing equipment, renovating of premises, or making any other capital injection that may be required at the time.

Feature and benefits

Get from TZS 500,000 up to TZS 10,000,000 in 5 days!

  • The freedom is yours! This loan offers a flexible loan term from 3 to 36 months
  • Flexible collateral
  • Free insurance, cover the business on unforeseen events and free life insurance for the client, spouse and 4 children under the age of 18
  • Monthly loan instalments
  • 3 months grace periods, if justified by loan purpose and investment plan

Eligibility criteria for Shule Loan

  • Applicant must be the owner of the education institution
  • Institution must be in private ownership
  • Owner must be a Tanzanian resident and at least 18 years old with a valid ID card
  • Education institute must be registered and it must have been operating for at least 12 months
  • Education institution and residence of owner must be within FINCA Microfinance Bank operating area

2. Ada Loan

This is an individual loan for entrepreneurs with the purpose of paying school fees for their children or relatives. In this case, FINCA Microfinance Bank pays the fees directly to the education institution where the children or relatives of the entrepreneur study

Feature and benefits

Get from TZS 500,000 up to TZS 10,000,000 in 5 days!

  • Flexible loan term from 3 to 12 months
  • Flexible collateral
  • Free insurance, cover the business on unforeseen events and free life insurance for the client, spouse and 4 children under the age of 18
  • Monthly loan instalments
  • Does not restrict you to take another loans i.e. Business Loan etc

Eligibility criteria for Ada Loan

  • Applicant must be a Tanzanian citizen and should have a business
  • Applicant must be at least 18 years old and have a valid ID card
  • Business must be registered, have a TIN and must have been operating for at least 6 months
  • Business must be located within FINCA Microfinance Bank operation area

For more information, don’t hesitate to contact us 0755 980 350.

 

 

 
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