The product is designed to cater for providing access to loans to employees of reputable organisations. The loans accessibility is mainly to mid-level to top level employees, with good track record and working for reputable organisations.
Features for Employee Loan
- Loan Amount ranges from Tzs. 3,000,000/= to Tzs. 30,000,000/=
- Loan Duration ranges from 1 months to 12 months.
- Maximum loan period for second time borrower is 12 months
- Loan must be secured, either by Motor vehicle or Landed property, or both,
- Loan payment commences 30 days after funding
- No Grace period for loan payment.
- Personal Guarantee is required.
- For new clients, a maximum of 6 months’ tenure can be afforded