The NMB Start Life loan was developed to operate in conjunction with Pension Funds as a continuation to develop products which suits all market segments.
The main purpose is to support the newly employed staffs that are not eligible for banks loans but are contributing to various pension Funds.
NMB Start Life Loan will begin to be offered to employees who are contributing to LAPF and later will be also available to Members of other Pension Funds. The loan is a quick solution for immediate financial needs with no need of security. The Maximum loan amount is TZS 5 Million which will be repaid in 12 months.
The Start life loan is available to all employees who are contributing to various Pension Funds but we have started with members who are contributing to LAPF
How to apply