SWL is unsecured loan product offered to contractual/permanent employees of government as well as private institutions. NMB doesn't require an employee to pledge any collateral to guarantee the repayment rather, the employee will channel his/her salary through the Bank after a Bank has entered a binding contract with the employer. Click here for more details


  • You can get a maximum loan  amount of TZS 80 million
  • You can top up your loan amount after six months 
  • Affordable interest rate is charged on reducing balance
  • Loan tenor is 7 years (84 months)
  • Repayment term varies from 1 year to 6 years
  • The loan is insured against death or permanent disability

What you need to have Salaried Workers Loan?

  • Channeling your salary through NMB account
  • Employer must sign a facilitation agreement with the Bank
  • 3 recent copies of original salary slips
  • Letter of employment/contract
  • Staff Identity Card
  • Employee has to sign Loan application form
  • Be a confirmed bona fide employee

Benefits of Salaried Workers Loan

  • We TAKE OVER loans from financial institutions and loans from Higher Education Student Loan Board (HESLB)
  • No restriction on the purpose of the loan
  • You can use the loan as a capital to your start up business
  • Ability to meet your personal needs
  • The loan is insured against death and permanent disability
  • No penalties and unnecessary deductions
  • Surety of your repayments as agreed and signed in your repayment schedule
  • You can top up at any given time
  • Monthly repayments remain unchanged even if your salary goes up.

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