Central Bank Rate: 5.75%
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Loan Apps Tanzania

29 Verified Lenders • From 15.0% APR

Central Bank Rate 5.75%
Inflation Rate 3.40%
GDP/Capita TZS 1,400,000
Average Monthly Salary TZS 400,000
Income Tax Rate 30.0%
Average Property Price TZS 60,000K
Unemployment Rate 8.7%

Loan Types Available

Personal Loans

Interest Rate 15.00% - 22.00%
Loan Amount TZS 100,000 - 5,000K
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Business Loans

Interest Rate 12.00% - 18.00%
Loan Amount TZS 500,000 - 20,000K
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Student Loans

Interest Rate 8.00% - 12.00%
Loan Amount TZS 200,000 - 3,000K
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Mortgage Loans

Interest Rate 10.50% - 14.00%
Loan Amount TZS 5,000,000 - 100,000K
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Auto Loans

Interest Rate 11.00% - 15.00%
Loan Amount TZS 1,000,000 - 30,000K
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General Requirements

Age Requirements

18 - 70 years

Residency

Required

Credit Score System

Local Credit Reference Bureau

Minimum Down Payment

20.0%

Top Lenders

Baromo Micro Credit

4.7
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PesaPlus

4.5
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Phonce Finance

4.4
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YakoMkopo

4.4
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Branch International Financial Services Limited

4.3
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Dexintec Finance

4.2
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Loan Calculator

Monthly Payment TZS 890
Total Cost TZS 10,680
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Verified Expert
James Mitchell

James Mitchell

International Finance Expert & Credit Analyst

Over 8 years of experience analyzing loan markets and banking systems across 193 countries. Helping consumers make informed financial decisions through independent research and expert guidance.

Verified 3 days ago
193 Countries
12,000+ Reviews