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Personal loan
Sometimes you need rapid access to money but do not want to or cannot access your savings. In these cases, the personal loan is a good product for you. It also gives you a discipline to repay, rather than using your savings.
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What is it
A personal loan is a consumer loan provided to individuals secured by lien over a customer's savings account or fixed deposit account. The objective is to assist individuals in acquiring household assets and meeting unbudgeted and incidental expenses.
It is a simple and fast product which serves the need of individuals that need loans up to TZS10,000,000. Repayment can take place over up to 24 months in equal instalments.
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