This type of loan is for a small business start-up or is used for expanding an existing business.
Loan ceiling (1st loan) | TZS 1,000,000 – 7,000,000 |
Follow-on loan | Up to TZS 1,000,000 |
Insurance / loan processing fees | Applicable |
No. of instalments | 25/32/40 |
Loan duration / period | 06/08/10/12 months |
Processing time for 1st loan | 1 - 2 weeks |
Grace period | 7 days |
Age limit | 18 – 55 |
Maximum loan limit | No yet fixed |
Collateral requirement | Not required |