• How it works

    Benefits of this loan
    • Salaried employees can borrow up to TZS120 million
    • Flexible repayment of 6 months to 72 months
    • Affordable credit life insurance  cover against death, permanent disability and retrenchment
    • Competitive interest rates and fees
    • No collateral or security needed to apply for the loan
    • Simple application process and quick approval
    • Fixed interest rate means no sudden cost increase
    Requirements for this loan:
    • Only available to permanently employed and contract workers
    • You need to have an Absa account
    • Account should have at least one month's salary credit
    • Absa will need to have an agreement with your employer for employees to access this loan

  • Documents required

    What you need to apply at a branch: 
    • National ID card/passport/voter's ID or driving license
    • Latest 3 months' salaryslips
    • Completed loan application form
    • 6 months' bank statements (for new customers)

Use our personal loan calculator

Need more help?

Call us:
0800750078 (Toll free)
+255 (0)746 882 000 (Network charges apply)

Email us:

talktous@absa.co.tz