Executive Loan

Transact

NMB Executive Loan has been designed specifically for Senior Executives, Managers, Head of Departments, Directors, Chiefs, Project Coordinators as well as high net worth individuals.

Features of Executive Loan

You can get a maximum loan amount of TZS 150 Million
You can top up your loan at any given time
Affordable Interest rate is charged on reducing balance
Repayment term varies from 1 year to 5 years
The loan is insured in case of death or permanent disability

To calculate your repayment plan use our Loan Calculator.

What you need to have Executive Loan?

Channeling your salary and permanent fixed allowances through NMB account
Three (3) recent copies of original salary slips
Letter of employment/contract
Staff Identity Card
Fill in and sign Loan application form
Be a confirmed bona-fide employee

Benefits of Executive Loan

We TAKE OVER loans from financial institutions and Higher Education Student Loan Board (HESLB)
No restriction on the purpose of the loan
Ability to meet your personal needs
Wide range of repayment choice i.e. from 12 months to 60 months
The loan is insured against death and permanent disability
NMB Executive Loan can be applied at any NMB branch in the country
Early liquidation is allowed
Surety of your repayments as agreed and signed in your repayment schedule
Top up after 6 months repayments no need of waiting until liquidation
Monthly repayments remain the same throughout the life of the facility
No need for facilitation contract between Employer and NMB