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

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