Name of the Organization : AccessBank Tanzania
Type of Facility : Business & Agro Loans
Country : Tanzania
Website : https://www.accessbank.co.tz/
Business & Agro Loans :
(A) Business Loans:
AccessBank provides the following loan products to business owners:
** Micro Loans from TZS 100,000 to TZS 25,000,000 (higher amounts may be awarded to repeat clients with very good repayment history);
Related : AccessBank Money Transfer Tanzania : www.statusin.org/6290.html
** SME Loans from TZS 25,000,001 onwards. There is no defined upper limit for loan amounts as the size and term of financing depends mainly on the strength and debt capacity of your business
(B) Agro Loans:
The bank has started to finance the agricultural sector by providing individual loans (from TZS 100,000 to TZS 25,000,000) to to smallholder and commercial farmers. The loan disbursement and repayment is tailored to fit with each client specific activities and crop calendar. The product is currently offered in Kahama, Tabora and in our specialized outlet in Kisesa, 20 kilometers outside of Mwanza.
The Bank is well placed to ensure the continued introduction of this product to our other upcoming upcountry branches to ensure that agricultural revolution is practically realised.
Our main competitive advantages are:
** Flexible collateral arrangements depending on loan size (household goods, business equipment, goods in stock, vehicles, real estate property etc.)
** Lesser documentation requirements than most other banks in the marketplace. No audited financial statements required.
** No prior bank relationship with AccessBank required. You do not need to operate an account with us for any time period before applying. However it is advantageous if you can demonstrate any previous borrowing or banking experience.
** No hidden costs such as additional fees and commissions: You only pay the interest (starting from 2.0% per month on a declining balance). Do not let yourself be fooled by lower nominal rates elsewhere as other fees, charges or deductions may be applicable. Our loan officers will be glad to assist you in a true comparison.
** Long-standing clients with impressive repayment record qualify for successive interest rate discounts and even faster loan processing.
** No borrower groups – you are responsible only for your own loan.
Kindly note that all applications undergo an on-site assessment by one of our lending staff prior to a committee decision.
About Us :
AccessBank is a socially responsible bank for the lower and middle income strata of the Tanzanian society. It is the one-stop bank of choice for micro and small enterprises. It strives to be the leading provider of financial services in Tanzania.
AccessBank builds-up long term business relationships with customers based on responsibility and mutual respect. By doing so it promotes a savings culture, provides payment and account services and supports borrowers to build-up a credit history. The bank’s loans are primarily based on an assessment of the borrower’s repayment capacity.
Contact Us :
AccessBank Tanzania Ltd
P.O. Box 95068,
Dar-es-Salaam.