Our LBF Loan targets businessmen, public and private sector employees who will get a loan based on their cash flow while one’s car acts as a collateral. The loan amount can range from TZS 1,000,000 to TZS 30, 000,000 with loan terms between 1-12 months depending on the clients vehicle value, repayment capacity and credit worthiness. We will consider the performance of your business or 3 months’ salaries. One of our seasoned loan officers will assess your application and business needs against risks and then advise you accordingly. This product is now accessible in just our four regions currently which are MOSHI, ARUSHA, DODOMA and DAR ES SALAAM.

The following are the features and requirements of LBF loans:

• One must own the vehicle.
• Insurances can be both Third Part and Comprehensive depending on the Loan amount.
• One must have National ID and driver’s license.
• Introductory letter from Local Government.
• Bank statement of not less than 6 months.
• Taxpayer Identification Number – TIN.
• National ID of the guarantor.
• Business License.
• 2 Passport pictures.
• For an employee one must have his/her salary slip of not less than 3 months and in this case Business License is not mandatory.