This is designed as a unique saving plan for all individual who wish to acquire better housing and Settlement scheme by depositing at least 30% of house project value as equity contribution. The deposit to be made gradually month by month until the 30% threshold is realized. The Bank will then finance the remaining 70% of the house.
The product is designed for staff/employees with low income earning, peasant, SME and MSEs who wish to own their dream house.
Features
Multi-currency: TZS/USD
Initial opening Balance- TZS 100,000|FOREX 100
Minimum operating balance TZS 10,000/Forex 50
None Interest Bearing.
No transactional fees or Monthly fees.
No joint Operations.
Benefits
Fund security.
Affordable operating balance.
No monthly Fees or Transactional fees.
Access to non-linked debit card.
Allows deposits any time
Requirements
Signatory must be 18 years and above.
Legal ID (NIDA ID/Voter’s ID/Driver’s License/Passport/Zanzibar National ID).
VEO/WEO Letter (if using ID’s apart from National ID).
