Unsecured Personal Loan
Get access to your funds again after repayment of one month and above with the option to increase your original amount over time
Personalized
Interest Rate
60 Months
Months to Repay
TZS 200 Million
Maximum Loan Limit
TZS 500,000
Minimum Monthly Income
Some of the benefits
Good terms - UPL
Up to 108 months to repay
Competitive Interest Rates
We offer competitive interest rates in both TZS and USD
Flexible
Able to increase your loan amount at a later stage
Insured
To protect your home, we offer attractive home owners insurance through our trusted insurance partners
What you get
- Ability to apply for an increase in the limit on the existing loan when you require additional funds.
- You can top up your loan amount after one instalment payment
- Buy back facilitation from financial institutions and loans from Higher Education Student Loan Board (HESLB)
- Able to apply for an increase in the limit on the existing loan when they require additional funds
- Embedded insurance cover Permanent Disabilities, Death, & Retrenchment covers which will give you the peace of mind of knowing that your loan will be settled in full in the event of disability, dreaded disease or death
- A convenient way to manage cashflow in the event of shortfalls
- Up to 108 months to repay your loan
What it costs
- Only pay interest on the amount you use
- No account fees
- Competitive interest rates
- Facility fee of 2% chargeable at the start of the loan and for subsequent top up or redraws
- Early settlement penal charges 8%
How to get it
- Be 18 years or older.
- Tanzanian citizen with permanent residency or a foreigner with a work permit.
- Earn a net minimum monthly income of TZS 500 000
- Have current account with Stanbic bank where at least one-month salary has been deposited and bank statements for the recent six months.
- Minimum banking history of three (3) months with Stanbic
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What you get
-
What it costs
-
How to get it
- Ability to apply for an increase in the limit on the existing loan when you require additional funds.
- You can top up your loan amount after one instalment payment
- Buy back facilitation from financial institutions and loans from Higher Education Student Loan Board (HESLB)
- Able to apply for an increase in the limit on the existing loan when they require additional funds
- Embedded insurance cover Permanent Disabilities, Death, & Retrenchment covers which will give you the peace of mind of knowing that your loan will be settled in full in the event of disability, dreaded disease or death
- A convenient way to manage cashflow in the event of shortfalls
- Up to 108 months to repay your loan
- Only pay interest on the amount you use
- No account fees
- Competitive interest rates
- Facility fee of 2% chargeable at the start of the loan and for subsequent top up or redraws
- Early settlement penal charges 8%
- Be 18 years or older.
- Tanzanian citizen with permanent residency or a foreigner with a work permit.
- Earn a net minimum monthly income of TZS 500 000
- Have current account with Stanbic bank where at least one-month salary has been deposited and bank statements for the recent six months.
- Minimum banking history of three (3) months with Stanbic