Personal Loans in Tanzania
Compare personal loans from top Tanzania banks. Find competitive interest rates and flexible repayment terms.
Equity Personal Loan
Equity Bank Tanzania
Equity Bank Tanzania offers personal loans with flexible terms for various needs including education, medical, and personal expenses.
NMB Personal Loan
NMB Bank
Stanbic Personal Loan
Stanbic Bank Tanzania
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.
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.