Get a personal loan to finance your plans and projects, or to help you in case of unexpected expenses. We offer a simple application process and quick approval plus advanced support to manage your loans easily.
For salaried employees
Benefits
- Borrow up to TZS150 million
- Repayment of 6 - 72 months for a Direct loan
- Repayment of 12 - 72 months for a Pensioner loan (ability to top up after just 6 months)
- Affordable credit life insurance cover against death, permanent disability and retrenchment
- No collateral or security needed
Requirements
- Direct loan is available to permanently employed and contract workers. Your salary must be paid into an Absa account with at least one month's salary credit
- Pensioners loan is available to people between ages 55 to 70. Evidence of fixed monthly pension required, and pension must be paid into an Absa account
For government employees
Benefits
- Access bigger loans at an affordable price and faster turnaround time
- Competitive interest rates of 15% on a reducing balance
- Turnaround time of 24 hours (the best in the market)
- Affordable monthly repayments
- Extend your tenor of 84 months
- Top up after every 6 months and get any unused credit life insurance premium refunded
- No collateral or security needed to apply for the loan
Requirements
- Must be a confirmed government employee
- Must be of age between 18 and 59 years
- Your office must have signed an agreement with Absa Bank to offer loans to its employees
Need more help?
Call us:
0800750078 (Toll free)
+255 (0)746 882 000 (Network charges apply)
Email us:
