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Enjoy flexible re-payments that fit your financial position.

Mortgage Loan

Own your dream home with up to 90% of the value of the ready or off-plan property you want. With flexible payment terms and repayment periods of up to 25 years, becoming a home-owner is now an achievable goal.

Features

  • Minimum loan amount of TZS. 20,000,000 or USD equivalent.
  • Maximum loan amount is determined by the borrower’s income.
  • Flexible repayment period, determined by borrower’s age.
  • Interest rate is calculated on a reducing balance basis.
  • Buy-back through other banks is allowed.
  • Loan is insured against death or permanent disability.
  • Mortgage Protection and Fire Policy Insurance are required.
  • Available in TZS and USD.

Equity Release

Unlock the value of your property with financing against an existing mortgage or on a property as collateral. Get up to 50% of your property’s value with the flexibility of up to 25 years repayment period.

Features

  • Maximum loan amount determined by borrower’s income.
  • Flexible repayment period, determined by borrower’s age.
  • Interest rate is calculated on a reducing balance basis.
  • Loan is insured against death or permanent disability.
  • Mortgage Protection and Fire Policy Insurance are required.
  • Available in TZS and USD.

Construction Loan

Build your own home or become a landlord with up to 100% financing, depending on the project, and repayment periods tailored to you. It can be used as an investment loan for alternative-income projects such as building and constructing multiple residential dwellings.

Features

  • Maximum loan amount determined by borrower’s income.
  • Flexible repayment period, determined by borrower’s age.
  • Loan is insured against death or permanent disability.
  • Mortgage Protection and Fire Policy Insurance are required.
  • Interest rate is calculated on a reducing balance basis.
  • Available in TZS and USD.
  • Can be charged in foreign currency subject to your source of income.

Housing Finishing Loan

We cover you if you need a loan to finish a house that is built up to 70% for single residential property, multi-dwelling residential property, and investment commercial property.

Features

  • Maximum loan amount determined by borrower’s income.
  • Flexible repayment period, determined by borrower’s age.
  • Loan is insured against death or permanent disability.
  • Mortgage Protection and Fire Policy Insurance are required.
  • Interest rate is calculated on a reducing balance basis.
  • Available in TZS and USD.
  • Can be charged in foreign currency subject to your source of income.
  • Legal and valuation fees to be met by the borrower.

Getting you over that cash crunch

Getting you over that cash crunch

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