This loan product is intended to fulfill the needs of our retail customers who work in private and public organizations that have an MOU with the bank, as well as individuals who meet the required criteria, and would like to acquire a sharia compliant asset.
Benefits
Shariah compliant
This product complies with the principles of Shariah.
Long loan tenure
Employees can enjoy a loan repayment period of up to 60 months.
Employer offset of loan
Customers give their employers the permission to remit monthly repayments on their behalf.
Rates & Fees*
- Opening minimum balance – TZS 100,000 or USD 100.
- Account Maintenance Fee (Business) – TZS 20,000 or USD 16.
- Account Maintenance Fee (Corporate) – TZS 30,000 or USD 20.
