Salaried loans

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Your dream is now nearer with our ACB salaried loans

We highly value the contribution all employees make towards the improvement of their own welfare and that of their families and loved ones. We equally understand how important it is to ensure every employee has the confidence they need to build a strong foundation for tomorrow.

For these reasons we have befittingly made it possible for you to access a salaried loan under your employer’s guarantee towards accomplishing those crucial matters such as buying land, school fees for your children and other necessary expenses.

Eligible employees will be accepted for the loans upon the explicit recommendation of their employer.

WHICH EMPLOYEES ARE ELIGIBLE?

  • Employees whose loan application has fulfilled the loan requirements of the bank
  • Employees on permanent terms of employment
  • Employees on long–term employment contracts

LOAN PERIOD AND AMOUNT

  • Our loans are short-term repayable from 6-36 months
  • The maximum loan amount will be 11 times your take home salary
  • A top-up on the loan balance is acceptable after 9 months of repayments

INTEREST AND OTHER CHARGES

  • Our interest rates are based on your declining principal balance
  • Repayments are in equal monthly instalments and will coincide with your salary payment dates
  • Our loan processing fees will be only 2% and a minimum of Tshs 20,000/=
  • Insurance will cover your outstanding loan in case of death or permanent disability

LOAN REPAYMENT

Akiba Commercial Bank will facilitate repayments by deducting from your salary every month and issuing a repayment cheque for the total amount to any of our branches or through salary channelled into your personal account.

PROCESSING

ACB will ensure quick, hassle-free processing of your application.

For further information please visit an ACB branch near you or call 2118340-43