Asset Loan

This loan product is a type of business loan whereby financing is advanced to borrowers to who have financial need to acquire more assets to help in business operation and enhance production and availability of service. Eligible businesses for this facility are those that are fully licensed and registered as well as must be in operation at least for a period of one year and above.

LOAN AMOUNT AND DURATION:
Our loan start from TSH 1,000,000 and above depending on the business capacity to repay the loan with a maximum period of 12 months.

ACCEPTED COLLATERAL

Motor vehicle, plot of land, house or other assets that may be considered relevant to amount of loan requested.

REQUIREMENTS

  • Filled application form with personal details
  • Personal supporting documents
  • Business supporting documents
  • Proof of business experience of not less than 12 months
  • Business Bank Statement of the past six months

 

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