Personal Loans in Tanzania

Compare personal loans from top Tanzania banks. Find competitive interest rates and flexible repayment terms.

đŸĻ

Equity Personal Loan

Equity Bank Tanzania

Equity Bank Tanzania offers personal loans with flexible terms for various needs including education, medical, and personal expenses.

Flexible repayment optionsQuick approvalNo hidden charges

Loan Amount

TSh 300,000 - TSh 50,000,000

Interest Rate

20% p.a.

Term

Up to 48 months

View Details
đŸĻ

NMB Personal Loan

NMB Bank

Up to 4x monthly salaryNo collateral for salary loansLife insurance included

Loan Amount

TSh 500,000 - TSh 100,000,000

Interest Rate

18% p.a.

Term

Up to

View Details
đŸĻ

Stanbic Personal Loan

Stanbic Bank Tanzania

Up to 5x monthly salaryQuick disbursementOptional insurance

Loan Amount

TSh 1,000,000 - TSh 150,000,000

Interest Rate

17% p.a.

Term

Up to

View Details
đŸĻ

CRDB Personal Loan

CRDB Bank

CRDB Personal Loan offers competitive rates for salaried employees and business owners with flexible terms up to 5 years and loan amounts up to TZS 100 million.

Competitive interest ratesFlexible repayment termsNo collateral for salaried employees

Loan Amount

TSh 500,000 - TSh 100,000,000

Interest Rate

% p.a.

Term

Up to

View Details

Personal Loans in Tanzania - What You Need to Know

Personal loans from Tanzania banks offer larger amounts and longer repayment terms compared to mobile money loans. They are ideal for major expenses like education, home improvements, or debt consolidation.

Eligibility Requirements

  • Must be a Tanzanian citizen or resident
  • Minimum age of 18-21 years (varies by bank)
  • Proof of income (salary slips or business income)
  • Valid identification documents
  • Bank account with the lending institution

Documents Required

  • National ID (NIDA) or Passport
  • Recent passport photos
  • 3-6 months bank statements
  • Employment letter or business registration
  • Proof of residence (utility bill)

Interest Rates

Personal loan interest rates in Tanzania typically range from 18% to 24% per annum. Rates depend on factors like your credit history, income level, and relationship with the bank.

Need help? Chat with us