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Salary Advance

Overview

For when emergencies happen.

Need a quick loan until your next payday? We have a solution for you. Our Salary Advance Loan is an affordable option to get an instant loan of up to 50% of your salary through SimBanking.


Salary Advance Can now be applied via SimBanking App.

Get the App

  • Change the quick loan amount from Tsh 1,000,000 to the current amount Tsh 3,000,000

  • Do not display the interest rate charged for the loan

  • Instant disbursement via SimBanking, customers receive funds within seconds, anytime, anywhere.

  • Automatic repayment upon credit of salary payment, no need to queue or worry about due dates.

  • Absolutely no paperwork or guarantors as its fully digital and hassle-free.

To apply, you need to be…

  • A government / private sector employee receiving salary through CRDB Bank
  • Registered on SimBanking


How to apply for Salary Advance Loan

OR

Dial * 150*03 # and select Salary Advance and proceed with the application process.

FAQs

No, eligible customers must apply through the Simbanking Application.

The interest charge is collected on payday.

The maximum loan duration is one (1) month

Yes, early payment is allowed by manual payment through the Simbanking Application and USSD.

You can pay manually by using Simbanking Application/USSD by log in and select Salary Advance repayment.

Yes, by depositing money into your salary account then log into the Simbanking Application and command repayment.

Yes, the top-up is allowed, the minimum amount for each top-up is Tzs 50,000/=

You can borrow as many times as you wish if you have fully paid the existing loan.

Yes, as long as a customer can access the Simbanking Application.

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