There are two ways to do this; you can either send a telegraphic transfer (which goes directly to beneficiary’s account) or request a bank draft which is a cheque drawn on an overseas bank. Draft has to be sent to the recipient by the applicant while transfer is done by the bank internally
Home loans are given for home purchase, renovation, and home construction. These loans require that you have a title deed and deposit with us an amount equivalent to 20% of the required loan. This deposit will earn interest and won’t be withdrawn for the duration of the loan. The maximum payment time is 10 years.
If and when the agreement or the security is accepted, you have to fill inProvide a Link to azaniabank.co.tz/loan_form.htm
forms, have it signed in all required spaces, attach recent salary slip and send the form to us.
You need to be employed or have the ability to generate income and if employed, we require an undertaking from your employer that your salary/income would be channelled to Azania Bancorp. If self employed you would have to provide collateral to secure you loan.