Below is a list of loans offered by CRDB Bank Tanzania, how to open account and account opening requirements:
Personal Loan
Features
6 great reasons to apply for our Personal Loans
- Loan acquired in one day allowing you to take advantage of opportunities as they come
- Freedom to choose interest rate between 13% – 16% calculated on reducing balance
- Long repayment period up to 9 years
- No collateral required
- Top up available whenever you want
- Loan attached with life insurance cover
- Allows transfer of loans from other banks and HESLB
Benefits
Terms of our Personal Loans
- The minimum amount is TZS. 1,500,000 and the maximum amount is TZS. 200,000,000
- Subject to completion of all requirements, the loan shall be granted within 48 hours of working days.
- The interest rate is from 13% p.a.
- Other fees include a loan facility fee of 1.25% of the loan amount and insurance Fees 0.75% of the loan amount.
- The maximum loan duration is 108 months. Other terms and conditions apply.
- You can top up the loan and borrow as many times as needed within your credit ratio
- Early payment is allowed by the customer once the customer notifies the bank through writing.
- Application for personal loans are done at branches or CRDB Wakala
Eligibility & Requirements
To apply, you need..
- To be an employee of the Government or selected private institutions aged between 18 – 60 years employed under contract or permanent terms.
- Your salary Slips for the last three months
- Your identity Proof documents i.e Employee ID and valid government-issued IDs
- An introduction letter from your employer.
- An appointment letter and confirmation letter.
- Your employment contract for renewal.
To apply for Personal Loan
- Visit any nearby CRDB Bank Branch
Please contact us through the following detail
- E-mail: customer-hotline@crdbbank.com
- Tell: +255 222 197 700
- Cell: +255 755 197 700
Jijenge Loan
Features
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.
Benefits
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
Eligibility & Requirements
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.
Boom Advance Loan
Features
6 great features of our Boom Advance Loan
- Instant loan 24/7- no paperwork required
- No interest applied.
- Reasonable loan amount of up to TZS 120,000
- Option to top up loan
- Automatic repayment as soon as HESLB pays allowances.
Benefits
Who is eligible for the Loan?
- A HESLB Loan beneficiary
- Student must be registered in a public or private university
- Student must have maintained an account with CRDB Bank and received HESLB allowances at least once
- Student must be registered on SimBanking App.
- Student must be on-boarded through Digital Disbursements Solution (DIDIs)
Eligibility & Requirements
How to Apply for Boom Advance Loan
- Log in SimBanking App. Don’t have the SimBanking App? Download here
- Select Quick Loans
- Select Boom Advance
- Enter loan amount requested (You can lend from TZS 10,000 to TZS 120,000 – You are not restricted to apply for the whole amount at once, you can apply at any time you are in need.)
- Accept Terms & Condition
- Confirm Transaction
- The loan amount will be credited instantly into the borrower’s accounts.
Salary Advance
Features
6 reasons to choose our Salary Advance Loan
- Quick loan up to TZS 1,000,000
- Low interest rate of 5%
- 30 days repayment period
- There is no operating fee
- You are available anytime through SimBanking
Benefits
- Easy process for account opening
- Facilitates timely salary processing
- Earns interest as an incentive to saving
- Issued with debit card on the spot (instantly)
- Convenience of accessing the account 24/7 through ATMs, SimBanking, Internet banking & Wakala.
- Access to salary advance or personal loan
- Free KAVA Assurance benefits (Self & Spouse): life insurance TZS 2 Mil and Accidental Total Permanent Disability (Account Holder) TZS 2 Mil
Eligibility & Requirements
To apply, you need to be…
- A government / private sector employee receiving salary through CRDB Bank
- Registered on SimBanking
How to apply for Salary Advance Loan
- Log in to the SimBanking App
- Choose Quick Loans.
OR
Dial * 150*03 # and select Salary Advance and proceed with the application process.
Malkia Proposition
Features
1. MSE Malkia
- Caters for both registered and unregistered business;
- The loan type includes working capital, investment loan, and asset financing;
- The loan amount is up to TZS. 50Million;
- Competitive and affordable interest rate of 14%;
- Repayment period of up to 24 months
- Flexible collateral requirements;
- No application fee required
- Minimum six (6) months business experience
- Term loan
2. SME Malkia
- Caters for registered business;
- Loan type including working capital, investment loan, and asset financing.
- Loan amount from Above TZS. 50Million up to TZS.3 Billion;
- The competitive and affordable interest rate of 14% for loans up to TZS. 100Million and 17% for loan amount above TZS.100 Million;
- Repayment period of up to 60 months depending on the loan type
- Flexible collateral requirements;
- No application fee is required;
3. Retail Agribusiness
- Caters for both registered and unregistered business;
- Loan type includes working capital, investment loan, and asset financing;
- Loan amount of up to TZS. 200- 3BLN BN;
- The competitive and affordable interest rate of 14% for loans up to TZS. 100Mn and 17% for loan amount above TZS.100Mn both on reducing basis;
- Repayment period of up to 60 months depending on loan type;
- Flexible collateral requirements;
- No application fee is required;
- Minimum six (6) months business experience;
- Flexible loan repayment schedule according to business needs.
Eligibility & Requirements
Who are eligible borrowers?
- Women with registered or unregistered business
- The borrower must be a woman age 18 to 70 years
- Must have an existing business for at least for 6 Months
- Must own business at least by 50% or more
- Must be active in business not merely having a share
What are the required business documents?
- Registered
- Business License
- Tin Certificate
- Unregistered
- Machinga ID
- Soko letter
- Local business permits
MSE Loans
Benefits
- Applicants can borrow from TZS 500,000 to a maximum of TZS 50,000,000;
- It provides funds for working capital and micro investment needs;
- Competitive interest rates and affordable terms;
- The bank provides advisory services to borrowers;
- Borrowing can be secured against traditional or nontraditional securities;
- Repayment period is up to 24 months to accommodate the pressures and needs of micro and small entrepreneurs in line with their cash flow
Eligibility & Requirements
- Applicants must be at least 18 years of age;
- At least 6 months experience in the same business;
- Must be located within the vicinity of CRDB branch;
- Must have a steady cash flow;
- Applicants must have a premise owned or rented.
- Applicants must open or have a business account – HODARI Account.
Komboa Loan
Features
- The loan is available to customers who imports through Silent Ocean.
- Your business should have a good credit score and a clean credit report from the Credit Reference Bureau.
- No collateral is required for loans up to TZS 150 million.
- For amounts above TZS 150 million, collateral is required.
- The loan is suitable for customers with loose cargo or full containers
Benefits
The Komboa Loan has several benefits that will help your business stay afloat, including:
- It provides the necessary capital to cover all shipping costs and government taxes up to 100%.
- The loan attracts a competitive interest rate of 18% per annum.
- Repayment is flexible, with a maximum repayment period of 180 days.
- Loans are disbursed quickly, allowing you to clear your cargo and resume operations without delay.
Eligibility & Requirements
To be eligible for the Komboa Loan, your business must meet the following requirements:
- You must be an authorized customer of Silent Ocean (OPPO Agencies).
- Your business should have a sales turnover not exceeding 90 days.
- You must have a CRDB Bank account with a turnover of at least 150% of the requested loan amount for the past 12 months.
- Your business should have a good credit score and a clean credit report from the Credit Reference Bureau.
- No collateral is required for loans up to TZS 150 million.
- For amounts above TZS 150 million, collateral is required.
- You should have a good repayment history and/or deposit with CRDB Bank or any other financial institution for at least 12 months.
Current Account
Features
5 great features of our Current Account
- Account can be opened and operated in TZS, USD, EURO, GBP
- Minimum opening balance of TZS 100,000, USD 100, GBP 100, or EURO 100.
- Cheque to facilitate cash withdrawal and transfers.
- TemboCard Visa/MasterCard for sole signatory.
- Overdraft facility (If loan conditions are met).
Benefits
4 great reasons to open a Current Account
- You get access to the account through Internet Banking services
- Access to SimBanking services for sole signatory
- You have many easy ways of making payments through cheque/ internet banking/ SimBanking
- Joint Account operation is allowed.
Eligibility & Requirements
To open an account:
- Be 18 years old and over
- Have any form of legal ID (NIDA, Voters ID, Passport, Driver’s licence, Zanzibar ID)
- 2 Passport size photos
Malkia Account
Features
5 great features of our Malkia Account
- It can be opened and operated in TZS or USD
- You only need TZS 5,000 or an equivalent amount in USD as the minimum opening balance
- Your interest is calculated and paid monthly.
- No monthly and transactional charges for you
- You get emergency loans of up to 90% of the deposits.
Benefits
4 great reasons to open a Malkia Account
- It is the premier choice of a desirable saving plan
- You receive attractive returns on deposits through compounding interest paid monthly
- You receive preferential discount rates of up to 15% on insurance premium products purchased from CRDB Bank
- You are eligible for emergency loans of up to 90% of the deposits to meet short term financial obligations without having to touch your savings.
Eligibility & Requirements
To open an account:
- Be a woman aged 18 years and over
- Have any of the Valid ID (NIDA ID/Number, Voter ID, Passport, Driver’s License or Zanzibar ID)
Savings Account
Features
6 great features of our Savings Account
- Account can be opened and operated in TZS/USD/EURO/GBP
- Initial opening amount is TZS 20,000 or USD/EURO/GBP 100
- It earns interest on deposits
- Eligible for TemboCard Visa /MasterCard, SimBanking and Internet Banking
- It’s subject to monthly and transactional charges
- Joint operation is allowed
Benefits
5 great reasons to open a Savings Account
- Security of funds
- Convenience of accessing your account 24/7 through ATMs, SimBanking, Internet & CRDB Wakala
- Earn interest as an incentive to saving
- Free KAVA Assurance benefits (for self and spouse): Life insurance TZS 2 Mil and Accidental Total Permanent Disability (Account Holder) TZS 2 Mil
- TemboCard Visa/ MasterCard/ Union pay for transacting on ATMs worldwide and shopping through POS, scanning QR codes or shopping online
Eligibility & Requirements
To open an account:
- A customer has to be 18 years and above
- A customer has to provide 2 passport size photographs (For customer with no NIDA ID/Number)
- A valid ID (NIDA ID/Number, Voters ID, Passport, Driver’s licence, Zanzibar ID)
Junior Jumbo Account
Features
5 great features of our Junior Jumbo Account
- The freedom and flexibility of selecting the type of currency to save (TZS, USD, EUR, GBP)
- Initial Opening Balance – TZS 20,000 | USD, EUR, GBP) 20
- No Monthly Maintenance Fees
- Earns interest on deposits
- No Joint Account operation. Only one account is allowed per child.
Benefits
5 great reasons to open a Jumbo Junior Account
- It builds up your saving habits for your child/children’s needs
- You can set standing instructions to the account
- No monthly maintenance fees
- Earns interest on deposits
- You may be issued a TemboCard Visa / MasterCard which is not linked to an account
Eligibility & Requirements
To open an account
- Account is for children below 18 years
- Child’s birth Certificate
- Two passport size photographs; one of a child and one of a parent/guardian
- Parent/Guardian valid ID (NIDA ID, Voters ID, Passport, Driver’s licence, Zanzibar ID)
Scholar Account
Features
5 great features of our Scholar Account
- Can be opened and operated in TZS only
- Eligible for TemboCard Visa /MasterCard, SimBanking, and Internet Banking
- No initial opening fee and minimum operating fees
- No monthly maintenance fees
- Joint operations is not allowed
- Affordable transactional charges
Benefits
6 great reasons to open a Scholar Account
- The account can be linked to HESLB biometric Digital Disbursement Solution
- Facilitation of subsistence allowance payments
- Convenient means to save while at university/college or school
- Access to boom advance
- Access to the account 24/7 through ATMs, SimBanking, Internet banking & CRDB Wakala
- Ability to purchase books, clothes, and other appliances online
Eligibility & Requirements
To open an account:
- Must be a student 18 years and above
- University/college or school ID
- Must have an admission letter or introductory letter from the University/College or School with glued photo and signature
- Must have two passport size photograph (For customer with no NIDA ID/Number)
- Must have a valid ID (NIDA ID, Voters ID, Passport, Driver’s licence, Zanzibar ID)
Salary Account
Features
5 great features of our Salary Account
- Account can be opened and operated in TZS/USD
- Initial opening balance is TZS 20,000 OR USD Equivalent
- Earns interest on deposits
- Eligible for TemboCard, SimBanking and Internet Banking services
- Joint operation is not allowed
Benefits
6 great reasons to open a Salary Account
- Facilitates timely salary processing
- Earns interest as an incentive to saving
- Customer receives debit card instantly upon request
- Convenience of accessing the account 24/7 through ATMs, SimBanking, Internet banking & Wakala.
- Offers access to salary advance or personal loan
- Free KAVA Assurance benefits (Self & Spouse): life insurance TZS 2 Mil and Accidental Total Permanent Disability (Account Holder) TZS 2 Mil
Eligibility & Requirements
To open an account:
- You must be a salaried employee of any recognized and registered company, institution, or organisation aged 18 years and above
- Must have a valid employee’s identity card and a letter of introduction from your employer
- Bring two passport size photographs (For customer without NIDA ID/Number)
- Have one valid ID (NIDA ID, Voters ID, Passport, Driver’s licence, Zanzibar ID)
Teen Account
Features
7 great features of our Salary Account
- The account is opened by a parent/guardian and operated by the child under their parent’s or guardian’s supervision
- Can be opened and operated in either TZS or USD
- Your account earns interest on deposits
- Only one account is allowed per child.
- No monthly fee
- The parent is eligible to debit card (TemboCard VISA/Mastercard)
- For teens who are 13-17 years old
Benefits
4 great reasons to open a Teen Account
- Teenager is allowed to use TemboCard so as to build financial responsibility early
- Parent/Guardian retains the mandate on the account
- Parent/Guardian receives notification whenever the debit card is used
- No monthly maintenance fees
Eligibility & Requirements
To open an account:
- Account must be for children between 13- 17 years
- Must have the child’s birth certificate
- Must have 4 passport size photographs, 2 of the parent/guardian and 2 of the teenager
- Parent/Guardian must have a valid ID (NIDA ID, Voters ID, Passport, Driver’s licence, Zanzibar ID)
Niamoja
Features
6 great features of our Niamoja Account
- Can be opened and operated in TZS Only
- Initial Opening Balance – TZS 20,000
- No minimum Operating Balance
- Earns Interest on deposits
- No transaction fees or Monthly Fee
- Minimum number of group members is 2, with no maximum
Benefits
6 great reasons to open a Niamoja Account
- No Monthly maintenance fees
- No withdrawal charges
- Real time collections (Group) and payments (Members) via SimBanking, agents, branched, SimAccount and MNOs
- Open to registered and non-registered groups
- Eligible to request for cheque
- Earns interest on deposited funds
Eligibility & Requirements
To open an account:
- Group meeting minutes authorizing the opening and operating directives of the account
- Introductory letter from the Council or local government (for unregistered/informal groups) OR the Certificate of registration (for registered /formal groups)
- Group Constitution
- The signatories must present a valid form of identification i.e. National Identity (NIDA), Zanzibar identification card, Voter’s ID, Passport and Driver’s license
- 2 Passport size photos for each signatory
Pension Account
Features
5 great features of our Pension Account
- Opened in TZS only
- Earns Interest on Deposit
- No Joint Account operation
- Subject to ATM Cash withdrawal charge
- No minimum opening amount
Benefits
7 great reasons to open a Pension Account
- No Monthly maintenance
- No minimum operating balance
- Cash withdrawal inside the branch FREE
- Access to debit card
- Registration to SimBanking and Internet Banking is FREE
- Access to Pensioner’s Loan and Pension Advance
- Priority banking in branches
CRDB Simba Account
Features
Initial deposit:
The Simba account is opened with a minimum initial deposit of Tsh 2,000/= along with other card fees as specified below, depending on the type of card you apply for.
Types of cards:
A Simba fan can apply for one of the following cards as soon as they open a Simba account through CRDB Bank or if they already have a CRDB account.
- Simba Cub Card – Children’s Card
- Simba Classic Card – Standard Card for Women and Men
- Simba Platinum Card – VIP Card
Benefits
Simba Cubs Card:
- Fee: Tsh 12,000
- It identifies you as a child Simba fan.
- You can perform transactions through POS, ATM, CRDB Agent, etc.
- You can withdraw up to Tsh 2,000,000 per day from the ATM and make payments of up to Tsh 10,000,000 on POS and online platforms.
Simba Classic Card:
- Fee: Tsh 12,000
- It provides life insurance coverage of up to Tsh 2,000,000 in case of permanent disability, death, or loss of a spouse.
- It identifies you as a legitimate Simba fan.
- You can perform transactions through POS, ATM, CRDB Agent, etc.
- You can withdraw up to Tsh 2,000,000 per day from the ATM and make payments of up to Tsh 10,000,000 on POS and online platforms.
Simba Platinum Card:
- Fee: Tsh 38,400
- It provides life insurance coverage of up to Tsh 10,000,000 in case of permanent disability, death, or loss of a spouse.
- You get priority access to Simba club events.
- You receive special services at CRDB branches (Premier Lounges).
- It identifies you as a legitimate Simba fan.
- You can perform transactions through POS, ATM, CRDB Agent, etc.
- You can withdraw up to Tsh 15,000,000 per day from the ATM and make payments of up to Tsh 30,000,000 on POS and online platforms.
Eligibility & Requirements
Card Availability:
If you are a Simba fan with a CRDB account:
- Visit any CRDB branch with a government-recognized identification document.
- You will fill out a form to apply for the card you need.
If you are a Simba fan without a CRDB account:
- Visit a CRDB branch with one of the following identification documents (NIDA, Voter ID, Driver’s License, Zanzibar ID, or Passport).
- You will have a Simba account opened for you and will fill out a form to apply for the Simba card.
CRDB Yanga Account
Features
Do you already have a CRDB account?
If you are a Yanga Fan or Member and already have a CRDB account, you do not need to open another account. What you need to do is:
- Visit a CRDB branch with a valid identification document.
- Fill out a form to apply for the Yanga card.
- Members will be required to pay Tsh 24,000 as an annual fee.
- Fans will be required to pay Tsh 12,000 as a club contribution.
Don’t have a CRDB account?
If you are a Yanga Fan or Member and do not have a CRDB bank account, then you will need to open an account that will enable you to save, make various payments, including fan-related expenses, and access other banking services.
Benefits
Benefits of having a Yanga Card:
- Identifies you as a legitimate member of the Yanga team.
- Enables you to perform transactions through ATM, CRDB Agent, POS machines, etc.
- Provides life insurance coverage of up to Tsh 2,000,000 for members in case of permanent disability, death, or loss of a spouse.
Initial deposit:
The Yanga account is opened with an initial deposit of Tsh 2,000/=, which the fan will be required to pay, along with other card fees as specified below, depending on the type of card they apply for.
Eligibility & Requirements
For a Member, they are required to have:
- One of the Identification Documents (NIDA ID, Voter’s ID, Driver’s License, Zanzibar ID, or Passport)
- Their membership number
- Membership fee of 24,000 Tanzanian Shillings per year
For a Fan, they are required to have:
- One of the Identification Documents (NIDA ID, Voter’s ID, Driver’s License, Zanzibar ID, or Passport)
- Fan fee of 12,000 Tanzanian Shillings per year
What is the cost of the Yanga TemboCard?
From 05/07/2023 to 05/08/2023, CRDB Bank will issue the Yanga Card for FREE, but the Member/Fan will be required to pay 24,000 Tanzanian Shillings as the membership fee.
After 05/08/2023, the customer will be required to pay 5,000 Tanzanian Shillings for the card in addition to the 24,000 Tanzanian Shillings membership fee (Total 29,000 Tanzanian Shillings).
Bidii Account
Features
- The business account can be opened by individuals or any registered businesses;
- Available in local currency (TZS) and international currencies (USD| GBP);
- An Opening deposit of TZS 50,000 or FOREX 100;
- Operating balance TZS 50,000 or FOREX 25;
- Eligible for ATM cards and digital channels access – Simbaking and internet banking;
- Access on digital channels SimBanking, Internet banking and online payments;
- Customer get a cheque book upon request;
Benefits
- Accommodate multiple currencies;
- Affordable opening and operating balance;
- Access to CRDB treasury products and international payment facilities;
- Deposit and withdrawal from your account conveniently across the Bank’s network in Tanzania;
- Withdrawal currency of any country you are visiting worldwide;
- Access on digital channels SimBanking, Internet banking and online payments.
Eligibility & Requirements
These are the requirements to open a Bidii Current Account;
- For individual entrepreneurs:
· Application letter
· Business registration certificate
· Registrar’s information
· Business license
· TIN certificate
· Two passport size photographs
· Identification document (NIDA, voter ID card or passport)
For companies:
· Application letter
· Board resolution to open the account
· Company registration documents
· Business license
· Taxpayer identification number
· Two photographs of signatories and copies of acceptable identification documents
Additional attachments:
For foreign companies:
- Certificate of incorporation Registration certificate from the Tanzania Investment Centre (TIC)
Hodari Account
Features
- The business account can be opened by formal and informal businesses
- The account can be operated by individuals or any registered form of business
- Available in local currency (TZS) only
- The minimum opening balance is TZS 5,000/=
- Zero minimum operating balance
- Zero maintenance fee
- Zero withdrawal charges on all CRDB channels of payment
- Customer can get ATM Card, cheque book upon request, mobile access, and a CRDB LIPA namba.
Benefits
- The account accommodates all MSE segments type – registered and unrequested ventures
- Affordable account opening balance
- Affordable account operating balance
- Convenience of making and receiving payments using CRDB Card, SimBanking, Internet banking and lipa namba.
- Access to the CRDB Bank credit facilities tailored for MSE segment.
Eligibility & Requirements
- Must be a Tanzanian of 18 years of age and above
- Conducting business formally or informally
- Sales turnover generation up to TZS 250 Million in a year
- Prospecting to access credit to the maximum of TZS 50 Million
Fahari Kilimo Saving Account
Features
- The account accommodates all agri-related activities – registered and unrequested ventures
- The account can be operated in local currency only – TZS
- No Initial opening balance
- Min Operating Balance TZS 3,000/=
- Zero monthly maintenance fees
- Account earns interest on deposit for amounts above TZS 200,000/=
Benefits
- The account can be operated by individuals
- Affordable to open and operate;
- Convenience of making and receiving payments using CRDB Card, SimBanking and internet banking;
- Affordable operating balance with no charges;
- Attractive interest rates on savings;
- Access to the CRDB Bank credit facilities tailored for agri business ventures.
Eligibility & Requirements
- Signatories must be 18 years and above with NIDA ID/VEO/WEO Letter. (VEO/WEO Letter ONLY in the absence of NIDA ID)
- When opening FAO Accounts – there is no need for customers to provide 2 Passport size pictures.
Fahari Kilimo Current Account
Features
- The account accommodates all agri-related activities – registered and unrequested ventures
- The account can be operated in local currency only – TZS
- No Initial opening balance
- Min Operating Balance TZS 3,000/=
- Zero monthly maintenance fees
- Account earns interest on deposit for amounts above TZS 200,000/=
Benefits
- The account can be operated by any registered businesses in agri-value chain ventures;
- Affordable to open and operate;
- Convenience of making and receiving payments using CRDB Card, SimBanking and internet banking;
- Affordable operating balance with no charges;
- Attractive interest rates on savings;
- Access to the CRDB Bank credit facilities tailored for agri business ventures.
Eligibility & Requirements
When opening FAO Accounts – there is no need for customers to provide 2 Passport size pictures.
Signatories must be 18 years and above with NIDA ID/VEO/WEO Letter. (VEO/WEO Letter ONLY in the absence of NIDA ID)
Members are not required to have a CRDB account with exception of signatories
Group resolution/Minutes of members meeting authorizing the opening of account and operating mandates (At least 3 signatories) for Groups
Group constitution
Business/Group/Association certificate of registration, OR introductory letter from a relevant authority such as Employer or government official
