SME Business Loan
This credit facility is tailored for Micro, Small and Medium Enterprises dealing in transport, trade and commerce, construction, manufacturing, education, health, and other service sectors.
[What you require to sign up]
- Have a registered business or business experience.
- Have a permanent business location.
- Have acceptable securities.
[Why you should sign up for this product]
- Minimum loan amount is TZS 300,000 and maximum is TZS 500,000,000.
- Maximum repayment period is up to 48 months.
- Repayment period is flexible depending on cash flow cycle.
- Flexible security requirements i.e., Chattels, Sales Agreement, Residential License, Title Deed, Cash Cover (FDR), Government Securities, Traded Shares, debentures, etc. are accepted
- Credit Life Insurance is included