Jijenge Loan
Overview
Own your dream home
Whether you want to construct, purchase or renovate your house, Jijenge Loan is the way to own your dream house. Get a Jijenge loan from TZS 20 Million - 1 Billion at an affordable interest rate from 13% and a repayment period of up to 20 years. You can also use the Jijenge Loan equity releases and takeover loans.
Repayment of the loan can be done through monthly installments.
6 great features of our Jijenge Loan
- Offered to all Tanzanians aged 21-60; employed, self-employed and living abroad.
- This loan is given in Tanzanian currency only.
- The maximum loan amount is 1 billion shillings.
- Repayment is up to a period of 20 years.
- Equal monthly repayments – the same amount of money to be repaid every month within the loan period.
- Balloon payment – Loan repayment after receiving a receipt showing a large amount of money paid to you.
7 great reasons to apply
- Opportunity to own your dream house within the shortest period
- Get up to 90% of the property value
- Affordable interest rates
- Give you peace of mind- since it is easy to pay little by little for up to 20 years
- The ability to revise monthly repayments enables you to clear the loan faster e.g. when your income changes.
- The loan is insured with Mortgage Protection Cover (in case of death or disability)
- Allows you to transfer mortgage loans from other banks
To apply, you need…
- A copy of the approved ID or a valid Tanzanian Passport.
- Two passport-size photos.
ii. The following documents (if employed)
- Letter of introduction from employer
- Certified payslips for the last 6 months
- Bank statement where salary is paid for the last 6 months
If Self-Employed
- Business history, profile, and background
- Audited books of accounts for last 3 years
- Projected cash flows, balance sheet/ profit and loss account for the next 3 years
- Bank statement (any bank) for the last 12 months
- Full details of all borrowings and facilities advanced from other institutions.
For Tanzanite Customers
- Copy of residence/ work permit
- An employment contract or letter from Ministry of Foreign Affairs (for Foreign Affairs employees)
How to apply for a Jijenge loan
- Visit any CRDB Bank branch country wide to enquire about Jijenge.
- Download Jijenge application form print, fill the form and return to any CRDB Bank’s branch.
To apply, you need…
- A copy of the approved ID or a valid Tanzanian Passport.
- Two passport-size photos.
- The following documents
For employed:
- Letter of introduction from employer
- Certified payslips for the last 6 months
- Bank statement where salary is paid for the last 12 months
For self-Employed
- Business history, profile, and background
- Audited books of accounts for last 3 years
- Projected cash flows, balance sheet/ profit and loss account for the next 3 years
- Bank statement (any bank) for the last 12 months
- Full details of all borrowings and facilities advanced from other institutions.
For Tanzanite Customers
- Copy of working permit
- Valid Biometric Tanzanian Passport
- Employment Contract or letter to the Ministry of Foreign Affairs (foreign affairs employees)
- Copy of recent three salary slips
- Bank statement of 12 months where salary is routed
- Proof of Address
Additional Requirements for Non-Citizen Tanzanian Diaspora.
- National identity card issued by a country other than URT.
- Passport issued by a country other than URT.
- Driving license issued by a country other than URT.
- Voter’s registration card issued by a country other than URT.
- Employee’s identification card
How to apply for a Jijenge loan.
- Visit any CRDB Bank branch country wide and enquire about Jijenge.
- Download Jijenge application form here, print, fill the form and return to any CRDB Bank’s branch.