Elite Personal Loans
Elite Personal Loan is designed to cater for the needs of our High-net-worth individual customers, salaried employees of reputable government or private companies or institutions. Get an Employee unsecured Loan/no collateral is required of up to TZS 200 million and a repayment period of up to 10 years.
Features & Benefits
- Maximum loan amount of TZS 200 million.
- Minimum loan amount of TZS 1 million.
- Repayment term ranges from 3 to 120 months.
- Repayment term ranges from 3 to 120 months.
- Administration fee is 1.5%- Government with a minimum of TZS 65,000 (incl. VAT)
- Administration fee is 2%- Private with a minimum of TZS 100,000 (incl. VAT)
- The monthly installment may be debited directly from your account held with us (Applications routed through the ESS Portal are excluded).
- An affordable interest rate is charged on the outstanding principal balance calculated on a reducing basis.
- You can top up your loan amount at any given time within your credit ratio.
Requirements
- Copy of national ID
- Copy of bank statement (6 months)
- Dully signed application form attached with two (2) colored passport size photos.
- Most recent month’s salary slips copies of your current salary.
- An introduction letter from your employer/ Employee ID
- For contractual employees, the loan tenor must not exceed the contract period.
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