Merchant finance is a short-term loan designed to help you manage your business’s day-to-day cash flow and grow your business

Access up to 10% of your sales with quick turnaround time if you have a point-of-sale (POS) machine

Maximum tenor of 30 days

Unsecured loan, no collateral required to access funds

Eligibility is based on your POS sales, so you don’t need audited financial statements to apply

  • Documents required

    Financial information

    • Financial Information. (POS sales /revenue)
    • Absa account bank statements
    • Bank statements for the past 12 months (all currencies)

    Non-financial information

    • A CRB consent
    • Loan application letter.
    • Board of Directors’ Resolution to Borrow.

  • Frequently asked questions

    Q1: What is a merchant finance?
    It is short-term funding provided to finance small and medium enterprises, specifically merchants to finance their short-term working capital needs.

    Q2: Who is a merchant?
    A business that is enabled by a bank to accept digital payments (cards, QR, POS, Ecommerce etc.) have a merchant account and uses our payment channels.

    Q3: What is the maximum loan amount?
    The maximum loan amount is 10% of the merchant’s POS sales /revenue.

    Q4: In what currencies is the product available?
    The product is available in both local and foreign currencies.

    Q5: Is the product available to start-ups?
    No. Absa Bank Tanzania does not finance start-ups under Merchant Finance.

    Q6: How does Absa define a start-up business?
    Any business that has been operating for less than three (3) years is considered a start-up.

    Q7: What is the maximum tenure?
    The maximum tenure is 30 days.

    Q8: What is the interest rate for the loan?
    Interest rates are negotiable and subject to prevailing market conditions.

Apply for merchant finance today