What is it?
- A longer-term loan for a specific amount.
- Has a specified repayment schedule and a fixed interest rate.
- Loans range from TZS100 000 up to TZS10 000 000
- The payback period ranges from one month to 51 months.
- Unfortunately not available to workers at private companies.
How do I sign up and what are the requirements?
- Simply visit your nearest branch or meet our Loan officers.
- Bring your work and national/voters ID, latest two months’ payslips, a stamped bank statement and a signed loan agreement.
- Your employer will have to upload the instalment in the payroll system before loan disbursement.
Do you offer extra benefits?
- We like to reward our clients.
- Soft drinks when visiting our branch.
- Give rewards on promotion, for example we give away cooking oil, sugar and branded T-shirts to clients at our branches.
- Loan written off on customer death (when death certificate is available).
How do I make repayments?
- Loan instalments are deducted by the employer prior to sending the net amount to the customer. Ultimate Finance receives the deducted amount directly from the Ministry of Finance or the employer.
- In the case of early settlement, the customer has to get the settlement amount from our branch and deposit the funds in Ultimate Finance’s bank account.
What is it?
- A cash loan given against your next salary.
- For persons who are formally employed in the government or private sector.
How do I sign up?
- Simply visit your nearest Ultimate Finance branch.
- Bring your work and national/voters ID, latest two months’ payslips, a stamped bank statement and your employment contract (where applicable).
Do you offer extra benefits?
- We like to reward our clients.
- For example, during a recent rewards promotion we gave away cooking oil, sugar and branded T-shirts to clients at our branches.
How do I pay back the salary advance?
- Once you’ve received your next salary, visit one of our branches to make your repayment. You can also pay via Mpesa, Tigo Pesa (0717 011 350) or a deposit into our bank account.
- Our repayment terms are very flexible: If you’re unable to make a full repayment, we may allow you to make a partial payment.
- Late payments will incur penalties in the form of extra interest.
- Clients who diligently make their repayments are rewarded with interest rate discounts.
What is it?
- A short-term loan for specific amount based on salary.
- Has a specified repayment schedule and a fixed interest rate.
- Loans range from TZS100 000 up to TZS5 000 000.
- The payback period ranges from one month to 6 months.
- Available to bank employees only.
How do I sign up?
- Simply visit your nearest Ultimate Finance branch.
- Bring your work ID and national/voters ID, latest two months’ payslips, a stamped bank statement, post-dated cheques/bank transfers and your employment contract (where applicable).
Do you offer extra benefits?
- We like to reward our clients.
- Soft drinks when visiting our branch.
- Loan written off on customer death (when death certificate is available).
How do I pay back the loan?
- Once you’ve received your next salary, visit one of our branches to make your repayment. You can also pay via Mobile Money (0717 011 350) or deposit into the Ultimate Finance bank account. Post-dated cheques may also be accepted.
- Late payments will incur penalties in the form of extra interest.
For more information on our loans, please call us on 067 7030 962.