Personal Loan
Overview
Are you employed in the government or private sector and need a loan to fulfill your plans, such as starting a business, pursuing education, or buying a car? We are here for you!
Get an employee loan of up to TZS 250 million within 24 hours, with low interest rates starting from 17% p.a. and a repayment period of up to 10 years.
Are you employed in the government or private sector and need a loan to fulfill your plans, such as starting a business, pursuing education, or buying a car? We are here for you!
Get an employee loan of up to TZS 250 million within 24 hours, with low interest rates starting from 17% p.a. and a repayment period of up to 10 years.
6 great reasons to apply for our Personal Loans
Loan disbursed in one day, allowing you to take advantage of opportunities as they come.
Freedom to choose an interest rate from 17%, calculated on a reducing balance.
Long repayment period of up to 10 years.
No collateral required.
Top-up available whenever you want.
Loan includes life insurance cover.
Allows the transfer of loans from other banks and HESLB.
The minimum amount is TZS 100,000, and the maximum amount is TZS 250,000,000.
Subject to completion of all requirements, the loan will be granted within 48 working hours.
The interest rate starts from 17% p.a.
Other fees include a loan facility fee of 1.25% of the loan amount and an insurance fee of 0.75% of the loan amount.
The maximum loan duration is 120 months. Other terms and conditions apply.
You can top up the loan and borrow as many times as needed within your credit ratio.
Early repayment is allowed once you notify the bank in writing.
Applications for personal loans are done at branches or via ESS for government employees.
To apply, you need:
To be an employee of the government or selected private institutions, aged between 18–60 years, employed under contract or permanent terms.
Salary slips for the last three months.
Proof of identity (e.g., employee ID and a valid government-issued ID).
An introduction letter from your employer.
An appointment letter and confirmation letter.
Your employment contract (for renewal).
To apply for a Personal Loan
Visit any nearby CRDB Bank branch or the ESS platform for government employees.
FAQs
You will receive an SMS confirming that your loan is already booked to your account. Our customer service team may as well inform you via call.
No, eligible customers must apply once there is MoU.
Unfortunately, you cannot borrow more than the maximum amount.
The payment is due every month once the salaries are paid.
Yes, by depositing money into your SALARY account then instruct the bank through letter your intention to repay the loan.
Unfortunately, this is not allowed.
Unfortunately, this is not possible for unsecured loans.
Yes, it is necessary to understand terms and conditions for better knowing of the Product. The same shall be given to you during loan application process.
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