Loan product
Salary Advance loans.
Workers in the Private and Government sectors.
- Who it is for
- Workers in the Private and Government sectors
- Terms
- 1 month
- Loan amount
- Dependent on the employee's monthly salary
- Security required
- None – all our loans are unsecured
- Early settlement
- Permitted, with no settlement penalty
Who this loan is for
Salary Advance is for people who earn a monthly salary from the Government of Tanzania or from a private company, and who need money before the next pay day. Because the loan is assessed on your salary rather than on anything you own, you do not need land, a vehicle or a guarantor – only proof that you are employed and paid.
How quickly you get the money
You apply in person at any Ultimate Finance branch. Your documents are checked and a credit check is done on the spot. If everything is in order, the loan is paid out immediately – as cash at the counter or as a transfer to your bank account, whichever you prefer.
How repayment works
A Salary Advance loan runs for one month and is repaid when your salary arrives. The amount you can borrow depends on your monthly salary; the branch tells you what you qualify for after looking at your last two pay slips. You may settle early at any time, and there is no penalty for doing so.
What it costs
Every charge is written on the application form before you sign, and the branch will give you the full amount repayable in writing. There are no hidden charges. If you want to know the cost before visiting, call the branch nearest you.
What to bring
Everything you need for a Salary Advance application.
- National ID
- Work ID card
- Latest monthly pay slips for the last 2 months
- Bank statements for the last 2 months
- Copy of employment contract for non-government employees
Get started
Apply for a Salary Advance loan
Visit any branch with your documents.
No smartphone? Dial *149*46*13# from any phone.