CRDB Bank offers a range of personal loans, so you are sure to be able to find the one that's right for you. Whether you need a large amount to cover something as substantial as building or buying a home or buying a car, to that extra bit of cash for purchase of household items, furniture, educational expenses and going on a holiday.

Here is why personal loans from CRDB Bank are suitable for your personal financial needs:

• You will have the cash now to buy the house, car, furniture, go for holiday or pay for your education. No waiting for the savings to pile up to enjoy the benefits of your work.

• Monthly loan repayments are small so you will maintain your standard of living during the time of loan repayment

• Your job is your security
  
  

Eligible Customers

To qualify for personal loans from CRDB Bank you need to meet the following criteria:

• You must be employed on a permanent basis or under a contract of at least 3 years.

• At the time of application, you must have worked for your current employer for a year or longer

• You must be earning a monthly salary of Tshs. 200,000.00 or more

• Your employer must be listed by CRDB Bank in the list of employers for personal loans

Loan Amount

Your salary will determine the amount you can borrow. Generally, you can borrow up to 33.33% of your total annual salary.

For detailed explanation, visit any CRDB Bank branch and speak to the Personal Banking Manager.

How to apply for a personal loan

• Obtain a personal loan Applcation Form from any CRDB Bank branch and fill in the blanks

• Request your employer to pay your salary through your account with CRDB Bank. If you do not have an account, visit any CRDB Bank branch and open one.

• Submit your application form to your CRDB Bank branch along with personal and bank ID's, as well as your salary slips for the past six months.

Repayment Period

CRDB Bank has structured its personal loans so well that you should be able to repay within twelve months. For house loans however, you may repay the loan for a period of three to five years depending on the sources of loans repayment.