SME Loan
Overview
SME Loans are designed to support small and medium enterprises by providing financing for viable business and investment activities. Loan eligibility and terms are assessed based on the size, nature and viability of the business
SME Loans are designed to support small and medium enterprises by providing financing for viable business and investment activities. Loan eligibility and terms are assessed based on the size, nature and viability of the business
- Loan amounts ranging from TZS 50,000,000 to TZS 5,000,000,000
- Funding available for both working capital and investment purposes
- Flexible repayment terms from 6 to 24 months, tailored to the credit purpose and cash flow projections
- Competitive interest rates
- Access to advisory services on business skills and management
- Instalment plans customized to align with the cash flow patterns of the business
- Applicants must be at least 18 years old
- Minimum of three years’ experience in managing the same or similar business
- The business must demonstrate a steady cash flow
- Applicants must have a business premise, either owned or rented
- A valid business license or permit is required
- Applicants must open or maintain a CRDB Biashara Account
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