Personal Loans

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.