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Email Address
+255 712 602 202
2nd Floor, Savei Plaza, Sam Nujoma Road, Mwenge

Home Appliances Loan

A loan which is designed to help families or individuals who are in need of any Home items such as Television, Sofa Set, Dinning Table, Refridgerator, Gas Stove etc. The borrower will be granted one of aforementioned Home Appliances and an appliance will serve as Collateral. Therefore no external collateral is required.

Eligibility Criteria

  • One current passport size of Borrower;
  • Borrower must have an official recognition letter from the local government office where he/she resides;
  • Business location, valid TIN number, Certificate of incorporation or Business name and Business License are mandatory;
  • No Collateral is required;
  • Repayment period is between 3 - 6 Months;
  • Applicant must be at least 18 years old or above;
  • National Identity card (NIDA) for Borrower is required;
  • An individual can access a Personal Loan of between TZS 300,000.00 and TZS 3,000,000.00;
  • Clients will be charged by SML an interest rate of 3.5%;
  • Loan process is within 48 working hours.
  • Eligible Home appliances items are either one TV (50'') or One Door Refrigirator or 1 Sofa Set  or 1 Dinning Table
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