Pensioners' loans (Wastaafu Loans) are loans issued to retirees or pensioners where their future pension payments are used as collaterals.
Under this type of loan, the pensioner will receive a lump sum of money repayable by certain amount of his/her pensions and/or other reliable sources of income like rent income with valid lease agreements, viable businesses etc
This credit programs currently covers pensioners from PPF, PSPF, LAPF, HAZINA NSSF and ZSSF.
No tangible security is needed
Assists retirees to increase working capital for their small and medium business projects
Enables retirees to obtain capital funds for establishing small businesses
Provides finance to support retirees unfinished building projects
Enables pensioners to pay schools fees for their children and grandchildren
Provide finance to retirees for medical treatment and other personal commitments
Procedures for processing pensioners loan applications are very simple
Fate of applications is provided within a shortest possible time
Pensioners will still enjoy half of their monthly pension
Does not require the pensioner to provide any tangible security
The loan is insured against death or permanent disability of a pensioner thus, the liability will not bind members of his/her family
Head Office 10th LAPF Towers, Bagamoyo Road, Opp Makumbusho Village, Kijitonyama, P.O BOX 9300, Dar es salaam
+255 787 669 977 +255 22 2162940
info @tcbbank.co.tz, firstname.lastname@example.org
Our Mission is to aid in the transformation of the socio-economic landscape of Tanzania by providing and promoting financial solutions in a sustainable way while ensuring stakeholder expectations are met.