NMB Car loan is designed specifically for employees with regular salary and permanent employment terms. Through this scheme NMB is assisting you to own a car without taking time to accumulate funds for purchasing a car.

Features of NMB Car loan

For Used cars 

  • You can get a maximum loan amount of TZS 70 million

  • 25% down payment is required

  • Flexible on repayment term which varies from 1 year to 5 years

  • Affordable Interest rate is charged on outstanding principal balance

  • The loan is insured in case of death or permanent disability

For brand new cars

  • You can get a maximum loan amount of  TZS 100 million

  • 15% down payment is required

  • Repayment term varies from 1 year to 5 years 

  • Affordable Interest rate is charged on outstanding principal balance

  • The loan is insured in case of death or permanent disability

What you need to have NMB Car loan

  • Channeling your salary through NMB account
  • Proforma invoice showing car price from approved dealers
  • Proof of down payment in your account

Benefits of NMB Car loan

  • Ability to own a car with few savings
  • Flexible repayment terms from 12 to 60 Months
  • You can apply through any of our branches countrywide
  • Affordable interest rate charged at reducing balance method
  • The loan is insured against death and permanent disability
  • NMB Car loan allows you to buy a vital means of transportation without saving up the whole purchase price
  • ahead of time 

For more assistance, please visit your nearest NMB branch or call our toll free number – 0800 002 002