Types of Loans:

• General purpose (personal effects, computer purchase, festivals, insurance premium payment, house rent payment etc)
• Housing loans
• Car loans
• Education Loans

  Eligibility

1. Eligible employers

• Private and Public Limited Liability Companies,
• Government Institutions and Agencies,
• Corporations and Parastatals (For Profits),
• CRDB Corporate customers

2. Eligible Borrowers

• Age: Between 18 and 60 years.
• Salary: Net salary of > Tshs 200,000 per month
• Nationality: Tanzanians and foreigners with residence and working permits.

Employment Status:

• Confirmed permanent employment contract;
• Confirmed long-term employment contracts of  one (1) year and/or
• Current Monthly salary slips

Requirements

1. General requirements (applicable to all types of loans)

• Employment Contract/Letter
• Passports, Residence & Working Permits (applicable to non citizen).
• Letter from employer
• Salary slips (recent 6 months).

2. Specific requirement (applicable to specific types)

Education Loans: Schedule of payment of fees, Confirmed admission to the course in question from the respective university or institute.

Car Loan: Proforma invoice of the motor vehicle to be purchased

Housing Loan:

• For construction; a copy of the Title, a copy of site plan, building permit and estimates approved by an engineer/quantity surveyor( Bills of Quantities-BOQ).
• For house purchase; copy of sales agreement, copy of the Title of the house to be purchased.
• For renovation/repair and alteration, a copy of the Title, a copy of estimates approved by an engineer.