- It is a special Loan for the government retirees who channel their pension at Mwalimu bank.
Features
- Min period = 3 months
- Maximum period = 60 months based on amount and ability to pay
- Minimum loan shall be TZS 300,000/= and
- Maximum unsecured amount of up to TZS 30,000,000/= for retirees who will route their monthly pensions via Mwalimu bank
- Maximum secured amount is up to 80% of amount fixed with Mwalimu bank as cash – cover
Benefits
- Lower interest rate
- Credit life insurance cover for customer up to age 70
- Loan access and free consultation from bank professional experts