Exim Bank
  • comoros
  • djibouti
  • uganda

Nufaika personal loans

Nufaika Personal Loan

Planning a holiday? Courting a new smartphone? Wedding anniversary coming up? Renovating your home? Whatever your need, Nufaika is an employee personal loan that gets you instant access to cash in the simplest way.

Nufaika Personal Loan

Eligibility

  • Existing customers with a good record for at least 3 months
  • Employees from reputed corporates with at least 1 year of service
  • Three years of work experience overall
  • Age Group: 21-58 years
  • Minimum Income: TSH 200,000 (net monthly)

Features & Advantages

  • Minimum arrangement fees
  • Minimum documentation and paper work
  • Most competitive interest rates in the market
  • Loan amounts from TSH 1 million to 15 million
  • Equates to 10 times the net take home pay
  • Instalments under 40% of the monthly net take home pay
  • Loan repayable in fixed monthly instalments
  • Instalment payable from a period of 6 to 24 months
  • Monthly instalment can be deducted from salary account
  • Re-borrowing enabled after one year upon closure of existing loan