Turn your plans into reality with our Unsecured Personal Loans, designed exclusively for salaried employees in the public and private sectors. Access financing based on your income, with no collateral required, to cover life’s important moments or unexpected needs. Enjoy a fast, straightforward application, quick approvals, and smart support that makes managing your loan easy and stress-free.  

Loan for salaried private sector employees  

Loan amount up to TZS 200 million

Tenor of up to 8 years

No collateral required – income-based assessment

Available exclusively to salaried employees with verifiable income

Competitive interest rates and quick turnaround time

Flexible repayment options through salary deduction

Let us contact you

  • Documents required

    • National ID/Passport/Voter’s ID/Driving licence
    • Latest 3 months' payslips
    • Introduction letter from employer
    • Latest 6 months' bank statement (new customers only)
    • Completed loan application form

  • Frequently asked questions

    What is an Unsecured Personal Loan?

    An Unsecured Personal Loan is a loan offered to salaried employees without requiring any collateral. The borrower’s monthly income is used as the main security for the loan.

    Who is eligible to apply for this loan?

    Eligibility is open to salaried employees in both the government and private sectors with a consistent monthly income and the required supporting documents.

    What is the maximum amount I can borrow?

    You can borrow up to TZS 200 million, subject to income assessment and affordability.

    Do I need to provide collateral for this loan?

    No. This is a fully unsecured loan, meaning no collateral or additional security is required.

    How long does the loan approval process take?

    Once all documents are provided and assessment is complete, approval can be granted within a short turnaround time which is within 48 hours.

    What can I use the loan for?

    The loan can be used for various personal needs such as:
    Home renovations
    Education expenses
    Medical costs
    Family emergencies
    Travel
    Debt consolidation
    Any other personal requirements

    I am not an existing customer. Can I still apply?

    Yes. New customers can apply by submitting a 6-month bank statement from their current bank along with required documents.

    Can I top up my existing loan?

    Yes, subject to your repayment history, outstanding balance, and updated income assessment.  

Loan for salaried government employees - Outside Watumishi Portal (ESS)

Loan amount up to TZS 200 million

Tenor of up to 10 years

No collateral required as security, an assessment is done according to your income

Available exclusively to salaried employees with verifiable income

Competitive interest rates and quick turnaround time

Flexible repayment options through direct salary deductions

The bank needs to have an MOU with your employer to proceed

Let us contact you

  • Documents required

    • National ID/Passport/Voter’s ID/Driving licence
    • Latest 3 months' payslips
    • Introduction letter from employer
    • Latest 6 months' bank statement (new customers only)
    • Completed loan application form

  • Frequently asked questions

    What is an Unsecured Personal Loan?

    An Unsecured Personal Loan is a loan offered to salaried employees without requiring any collateral. The borrower’s monthly income is used as the main security for the loan.

    Who is eligible to apply for this loan?

    Eligibility is open to salaried employees in both the government and private sectors with a consistent monthly income and the required supporting documents.

    What is the maximum amount I can borrow?

    You can borrow up to TZS 200 million, subject to income assessment and affordability.

    Do I need to provide collateral for this loan?

    No. This is a fully unsecured loan, meaning no collateral or additional security is required.

    How long does the loan approval process take?

    Once all documents are provided and assessment is complete, approval can be granted within a short turnaround time which is within 48 hours.

    What can I use the loan for?

    The loan can be used for various personal needs such as:
    Home renovations
    Education expenses
    Medical costs
    Family emergencies
    Travel
    Debt consolidation
    Any other personal requirements

    I am not an existing customer. Can I still apply?

    Yes. New customers can apply by submitting a 6-month bank statement from their current bank along with required documents.

    Can I top up my existing loan?

    Yes, subject to your repayment history, outstanding balance, and updated income assessment.  

Loan for government employees - Through Watumishi Portal (ESS)

This is an online loan application channel available to government employees with access to Employee Self Service (ESS). Unsecured loan is available with no additional documentation or security required other than having Absa account to receive the loan while affordability is done within the portal as per employees’ income and deductions are done by your employer. The loan is available to the tune of TZS200 million and repayments of up to 10 years.

In case employee does not have Absa account, please contact us through details provided below for quick account opening within 20 minutes.

Go go the Watumishi Portal 

Apply for your personal loan today

Call us:
0800750078 (Toll free)
+255 (0)746 882 000 (Network charges apply)

Email us:

talktous@absa.co.tz

Available from Monday to Friday 08:30-17:00, and Saturday from 09:00-14:00, excluding Sundays and public holidays