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Asset Financing Loans

Applicable only for buying new assets or vehicles for commercial purposes, not second-hand assets.

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Borrower required to take comprehensive insurance of financed assets

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Customer / Borrower to maintain account with the Bank

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Loan application letter

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Full description of assets to be financed

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Full contact details of Supplier/Manufacturer/Vendor

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KYC documents (IDs/Photos etc.)

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Corporate Customers: ID of directors, TIN, Business license, Certificate of incorporation, Tax clearance, BRELA return, 3 years audited financials, cash cover for loan period

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Secure funding for commercial assets

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Transparent approval process

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Min. Amount: TZS 1 Million

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Max. Amount: Up to single borrower limit as per Bank Capital

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Tenure: 6 – 60 Months

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