Pensioner's Loan
Designed to cater for retired employees and pension earners
Personalized
Interest Rate
84 Months
Months To Repay
TZS 500,000
Minimum Loan Size
NIL
Minimum Monthly Income
Some of the benefits
Access to Liquidity
Provides quick access to liquidity
Affordability
Lower interest rate
Flexible
Flexible repayment terms to suit financial circumstances
Insured
Eligible for insurance cover
What you get
- Loan size of up to TZS 80Million
- Tenure up to 84months ( 7 years)
- Eligible for Buy back from financial institutions
- Access Insurance cover on the loan
What it costs
- Facility fee of 1% charged upfront
- No account fees
- Competitive interest rates
- No Minimum income level (Pension amount)
How to get it
- Tanzanian citizen
- Aged 55 to 68 Years
- Source of Income/Repayment will directly come from Pension fund (NSSF & PSSSF only)
- Have an active transactional account with Stanbic bank
- Minimum banking history of 3 months with Stanbic or another bank
-
What you get
-
What it costs
-
How to get it
- Loan size of up to TZS 80Million
- Tenure up to 84months ( 7 years)
- Eligible for Buy back from financial institutions
- Access Insurance cover on the loan
- Facility fee of 1% charged upfront
- No account fees
- Competitive interest rates
- No Minimum income level (Pension amount)
- Tanzanian citizen
- Aged 55 to 68 Years
- Source of Income/Repayment will directly come from Pension fund (NSSF & PSSSF only)
- Have an active transactional account with Stanbic bank
- Minimum banking history of 3 months with Stanbic or another bank