Personal Development Loans

Short-term loans with regular repayments, available to individuals with a stable income.

Personal development loans cater for the borrower’s financial needs and can be used to finance numerous needs including purchase of land, vehicles, household assets, payment of medical bills etc. 

Loans have a minimum loan amount of Tshs. 1,000,000, and up to a maximum loan amount of Tshs. 15,000,000. Loans may be taken out over a period of twelve months and are repayable in regular equal monthly loan instalments.


Loans are reliable, processed quickly, and do are not required to be guaranteed by employer. Attractive interest is charged and payment instalments are in amounts based on the borrower's net salary.


Personal development loans are offered to individuals with stable/verifiable income, such as salaried employees of reputable organisations. Prior to loan approval, inspection of collateral and legal perfection of collateral and guarantees will be carried out. Loan collateral may include vehicle or land, and additional security may be required on a case-by-case basis. In addition to the application form, applicants myst supply: six months bank statement of the bank where salary/or monthly income is channeled through; copies of employment appointment letter and/or contract; salary pay slips for three months prior application; two passport size photographs; and an introduction letter from a local leader. Loans have an application fee of Tsh. 20,000 and a processing fee of 2% of the loan amount.