Asset Financing Loans
Applicable only for buying new assets or vehicles for commercial purposes, not second-hand assets.
Borrower required to take comprehensive insurance of financed assets
Customer / Borrower to maintain account with the Bank
Loan application letter
Full description of assets to be financed
Full contact details of Supplier/Manufacturer/Vendor
KYC documents (IDs/Photos etc.)
Corporate Customers: ID of directors, TIN, Business license, Certificate of incorporation, Tax clearance, BRELA return, 3 years audited financials, cash cover for loan period
Secure funding for commercial assets
Transparent approval process
Min. Amount: TZS 1 Million
Max. Amount: Up to single borrower limit as per Bank Capital
Tenure: 6 – 60 Months
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