Executive Loan

k-finance offer high end individuals with faster and affordable personal loan to cater for their short-term need. This facility is quite convenient to executive employees who fall under the middle to top management. The requirements have been discounted to fit their personalities.

TARGET CUSTOMERS:

Middle to high ranked employees with permanent employment contracts, they are professionals in different fields with higher learning education levels. They earn good money from their employment because they are in high salary bracket being high ranked employees. This loan therefore targets such customers with net salary of not less than TSH 3,000,000 per month.

The purpose of this product to target high end employees is to enable them sort their different needs without jeopardizing their reputation and their status in public and in their place of work. Most of the target customers on this loan product are Managers in Banks, Telecom companies, NGO’s, International Organizations and other organization of the same calibre.

LOAN AMOUNT:
From TSH 3,000,000 to TSH 20,000,000 depending on the net salary of the applicant. The loan amount can increase based on the client recommendation and reference from CEO and Directors of the company.

PURPOSE OF THE LOAN:
This loan is designed to help the target customers in their different needs on investments, business or other personal needs.

LOAN DURATION:
Not more than six (6) months

ACCEPTED COLLATERAL

  1. Motor vehicle (registered in Tanzania for not more than 5 years, with comprehensive insurance.
  2. Share certificates from different companies which can be mortgaged on stock exchange market.

REQUIREMENTS

  • Application form filled in thoroughly
  • Work ID
  • Passport photo of the applicant
  • Introduction letter from the employer
  • Introduction letter from local government
  • Employment contract.
  • Referee preferably your boss in your place of work. He/she must fill in the referee form and attach the same with your application form
  • Salary slips of the past three (3) months
  • Bank statement of your salary account of the past six (6) months
  • Pictures of the collateral
  • Post dated cheques

Loan will be released within 48 hours after submission of a thorough application with all the requirements as stated above