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What is it?
A Salaried Workers Loan allows employed people to easily borrow money and repay this over a period of 36 months.
The product requires an agreement between your employer and NMB. Once this is in place, you can easily apply for a loan to purchase household assets, finance incidental expenses like school fees and any other family obligations.
Key features
• Maximum loan amount TZS 30,000,000
(Thirty million)
• The loan is repayable in 36 months
• The monthly loan instalment should not
exceed 40% of the applicant's take home pay.
• Automatic repayment. Your employer will
arrange the repayment of your
loan by
deducting the monthly instalments
from your salary.
• And if you need a top-up,
just contact your branch.
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