Unsecured Personal Loans
Making the most of Life's opportunitiesAt 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, fulfill your dreams and live your life to the fullest.
Features of Our Personal Loan
- No security needed
- Very affordable interest rates (22%) or 1.83% per month
- Processing Fee of 2.5% of loan amount
- Insured for death and permanent disability at 0.75% of the loan amount
- 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 25,000,000
- 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 350,000 per month
- Introduction and salary continuation letter from your employer
- 3 Recent original pay slip
- Six months original bank statements reflecting net salary on pay-slips
- Sum of financial commitments (repayments) should not exceed 40% of your monthly net salary