SME logbook Secured Loans

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 Tsh 2,000,000 to Tsh 30,000,000 depending on your cash flow. 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 is product is available in the following major towns and their environs; Dar es Salaam, Dodoma, Moshi, Arusha, and Mwanza.

The following are the features and requirements of LBF loans:

  1. One must own the vehicle.
  2. Insurances can be both Third Part and Comprehensive depending on the Loan amount
  3. One must have National ID and driver’s license
  4. Introductory letter from Local Government
  5. Bank statement of not less than 6 months
  6. Taxpayer Identification Number – TIN
  7. National ID of the guarantor.
  8. Business License
  9. 2 Passport size pictures
  10. 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.
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