Insights, guides, and updates
CRDB starts at 16% reducing-balance interest, while Stanbic reaches TZS 200 million but charges 2% per draw and 8% for early settlement.
Salaried employee or other individual with security
Taxable income above TZS 3 million per year
At least 1 year with current employer
APR
15.0–18.0%
Term
12–60mo
Monthly
—
Amount
—
Absa Prestige or Premier banking client
Minimum salary TZS 2 million (Prestige) or TZS 6 million (Premier)
Salary channelled through an Absa account
APR
—
Term
12–72mo
Monthly
~TSh13888
Amount
TSh1M
Age 18+
Minimum net monthly income TZS 100,000
Stanbic transactional account for at least 3 months
APR
—
Term
12–108mo
Monthly
~TSh9259
Amount
TSh1M
Confirmed government or private-sector employee
Salary channelled through an NMB account
Employer facilitation agreement with NMB
APR
—
Term
12–84mo
Monthly
~TSh5952
Amount
TSh500k
Government or MoU private-sector employee
Age 18-60
Salary slips for last 3 months
APR
16.0%
Term
12–120mo
Monthly
~TSh1675
Amount
TSh100k
