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| Director of Retail Banking at Absa Bank Tanzania, Ms. Ndabu Swere (centre), speaks to the media during the launch of Absa Bank’s unsecured personal loan campaign for salaried employees in Dar es Salaam. Looking on from the left are Aron Luhanga, Director of Marketing and Corporate Affairs, and Heristraton Genesis, Head of Retail Products and Strategy. |
Dar es Salaam, Tanzania – 15 April 2026 – Absa Bank Tanzania has enhanced its Unsecured Personal Loan (UPL) offering for private sector salaried employees, increasing loan limits and extending repayment periods to provide more flexible and accessible financing solutions.
The move reinforces the bank’s commitment to empowering customers’ financial journeys under its brand promise of “empowering Africa’s tomorrow, one story at a time.”
Bigger Loans, Greater Flexibility
Under the upgraded proposition, eligible private sector employees can now access:
- Loans of up to TZS 200 million, up from TZS 150 million
- Repayment periods of up to 96 months (8 years)
- Fully unsecured financing, requiring no collateral
The offer is available to both Existing-to-Bank (ETB) and New-to-Bank (NTB) customers, subject to standard credit assessments.
Building on Momentum Across Sectors
This latest enhancement follows a similar move targeting public sector employees, where Absa increased loan limits to TZS 200 million, extended repayment periods to up to 10 years, and reduced the loan top-up waiting period from six months to just three.
Together, these initiatives reflect the bank’s broader strategy to support salaried customers across both public and private sectors at key moments in their financial lives.
Empowering Life’s Financial Milestones
Speaking on the development, Director of Retail Banking at Absa, Ndabu Swere, emphasized the customer-centric approach behind the enhancements:
“At Absa, we understand that every customer’s life is a story, shaped by different chapters and defining moments. Whether in the public or private sector, our role is to empower customers to move forward with confidence.”
She added that the improved loan structure allows customers to say “YES to progress”, aligning with the bank’s mission to deliver meaningful financial solutions.
Supporting Ambition Without Financial Strain
Swere highlighted that higher loan limits and extended repayment periods are designed to ease financial pressure while supporting long-term ambitions.
Customers can use the loans for a wide range of needs, including:
- Starting or expanding a business
- Home improvement or furnishing
- Education financing
- Medical expenses
- Debt consolidation
“This proposition enables customers to advance themselves — Kujisogeza — without unnecessary financial stress,” she noted.
Top-Ups and Refinancing Options Available
Existing eligible customers can also apply for loan top-ups or refinancing, subject to internal policies and credit approval, further enhancing financial flexibility.
Campaign: “Jisogeze na Mkopo wa hadi TZS 200m”
The rollout is supported by a new campaign dubbed “Jisogeze na Mkopo wa hadi TZS 200m”, encouraging customers to confidently take the next step in their financial journeys.
How to Apply
Customers interested in the Unsecured Personal Loan can:
- Visit any Absa branch
- Speak to a Relationship Officer
- Contact Absa customer service channels
About Absa Bank Tanzania
Absa Bank Tanzania is one of the country’s leading financial institutions, offering a comprehensive range of services across Corporate and Investment Banking, Business Banking (including SME solutions), and Retail Banking.
With over two decades of presence in Tanzania, the bank remains committed to delivering local solutions to local challenges—bringing possibility to life for individuals and businesses alike.
The bank is part of Absa Group Limited, one of Africa’s largest diversified financial services groups, with a presence across multiple countries and international offices in key global markets.
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