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Home > Personal Banking > Managing Your Needs > Loans and Overdrafts > Personal Loans

  Loans and Overdrafts
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Unsecured Personal Loans
Making the most of Life's opportunities

At Standard Chartered Bank we understand that you have dreams and ambitions about improving the quality your life. We know that you would for example like to buy new furniture or extend your house. You also buy consumer durables such as a washing machine or a microwave oven that make life easier and more convenient for you and your family. You may also be planning to study for your MBA or a parallel degree. All these dreams need financing to become a reality. That is why Standard Chartered is offering you a Personal Loan to enable you to take care of your personal financial needs, fulfil your dreams and live your life to the fullest.

Features Of Our Personal Loan

  • No security needed
  • Very affordable interest rates (25%) or 2.08% per month
  • Flexible repayment periods of 6 - 36 months
  • An opportunity for you to borrow an amount up to 10 times your net salary.
  • You can borrow between TZS 1,000,000 to TZS 20,000,000
  • Convenience and easy access to cash (5 Business days turn around time).

What Do You Need To Qualify?

  • Be currently earning a minimum net salary of TZS 200,000 per month ( for Deduction in Account or TZS 150,000 for Deduction at Source.)
  • A salary continuation letter from your employer
  • Recent original pay slip
  • Six months original bank statements
  • Sum of financial commitments (repayments) should not exceed 40% of your monthly net salary

 

 
 
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