Home Improvement / Renovation


Home Improvement / Renovation loans allow customers to improve house sanitation, ventilation, heating and isolation, lighting, repair and re-design of a house or an apartment, building an extension to an existing house.

Quick Facts

  Minimum loan size

TJS 900 / USD 100

  Maximum loan size

TJS 63,000 / USD 7,000

  Maximum loan size for rural areas

TJS 36,000 / No USD lending in rural areas

  Minimum loan term

3 month

  Maximum loan term

48 months for TJS

36 months for USD


Guarantor is required for loans above TJS 9k. The full financial analysis of the guarantor is required 


Collateral is required for loans above TJS 9k.

  Minimum customer contribution

Not required

  Grace period

  (only principal amount)

1 month



  Interest rates in TJS

28% - 35% Interest rates are stated annually

  Interest rates in USD

18%-25%    Interest rates are stated annually                            

  Early closure

Allowed with the condition to formally report but no penalties as per the NBT requirements.

How to Apply

Interested clients should consult with the nearest branch or banking service centre.

Clients should bring with them the following documents:

Х A copy of a valid passport
Х Two colour passport size photos
Х Tax identification number (TIN)
Х A copy of passport for the co-borrower(s) if appropriate
Х Tax identification number of the co-borrower(s) if appropriate
Х A copy of the technical passport of the property to be purchased
Х Ownership certificate of the property
Х Certificate of income source from his/her employer
Х A copy of employment agreement
Х Copy of a valid passport of the guarantor
Х Tax Identification Number of guarantor


Х Attractive interest rates with the potential for further discount if the customer opens an FMFB deposit account and services their loan through it
Х Long loan maturity term allows customers to make home upgrades now while spreading out payment for these purchases over an extended period of time
Х Transparent and collaborative loan application process that is rooted in integrity and customer protection principles