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Lending

Expanding your business? We offer a range of flexible products to complement your ambitions. Find the Lending solution that's right for you! Be it for Working Capital or Capital Expenditure i.e., through short-term or long-term finance that can support your business interests and ambitions. These offers cut across all sectors and size i.e., from Small & Medium Entrepreneurs, to Commercial and Corporates. We can help!

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Working Capital Finance

Access to finance is vital for your business. With our Working Capital Finance products, you not only keep operating but keep moving forward.

Short Term Finance

Get the finance you need to cover short-term working capital or seasonal cashflow needs. Our Short-Term Finance solutions keep your business moving.

Term Lending

Every business has unique requirements. With our Term Lending solutions, you can borrow only what you need at competitive interest rates and flexible repayment terms.

Project Finance

Growth in Tanzanian economy is driving demand for infrastructure, with the financing and operation of infrastructure such as roads, bridges, ports and mining becoming the preserve of the private sector.

Agribusiness

For large mid-level customers, we are a single point contact offering a gamut of corporate banking services for Agribusiness ventures.

Loan Syndication

With the help of an experienced team, we leverage our Loan Syndication expertise to ensure your company's financing requirements are satisfactorily met.

Cash Cover

These are term loans or overdraft granted by the bank against a deposit account. You can access loans up to 90% of the deposit amount

Overdraft Facility

Preamble. Sometimes you simply cant avoid going over budget, and thats when it helps to have an overdraft. It’s always there when you need it

Term Loans

Every business has unique requirements. With our Term Lending solutions, you can borrow only what you need at competitive interest rates and flexible repayment terms. When it comes to term financing, you can rest assured we'll always provide you with competitive rates. In addition, our advisory service is a reliable solution for a wide spectrum of financial institutions for syndication of the term loans

IPF Loan

Insurance premium financing commonly abbreviated as IPF is a product designed to assist clients with insurance premium obligations to get an easy and convenient mode of settling the premium in Monthly installments. IPF is short term financing between 4 months installments to a maximum of 10 months installments. IPF is a very safe product to banks given the amount financed is guaranteed in the event of default of obligations by the borrower.

Invoice Discount Facility

Invoice Discounting is a short-term financing solution aimed at improving a company’s cash flow rather than serving as a long-term capital investment. Unlike secured term loans, it provides immediate liquidity based on outstanding invoices without requiring additional collateral. This facility is unsecured and relies on the financial strength and credibility of the off-takers (i.e., buyers). Before onboarding an off-taker, the bank conducts a thorough financial assessment to ensure their reliability. Under this arrangement, the borrower receives funding exclusively against receivables from approved off-takers, ensuring a streamlined and efficient financing process.
Invoice Discount Facility

Invoice Discount Facility

Invoice Discounting is a short-term financing solution aimed at improving a company’s cash flow rather than serving as a long-term capital investment. Unlike secured term loans, it provides immediate liquidity based on outstanding invoices without requiring additional collateral. This facility is unsecured and relies on the financial strength and credibility of the off-takers (i.e., buyers). Before onboarding an off-taker, the bank conducts a thorough financial assessment to ensure their reliability. Under this arrangement, the borrower receives funding exclusively against receivables from approved off-takers, ensuring a streamlined and efficient financing process.

Features, Benefits, Requirements and Eligibility

  • 1
    The advance amount can be up to 80% of the total invoice value, subject to the customer's risk assessment. Any exceptions to this limit must receive separate credit approval or specific authorization.
  • 2
    24-48 hrs maximum processing time, after submission of all required documents.
  • 3
    The facility will be availed for 12 months (renewable annually) with a maximum tenor of 120 days subject to confirmed payment cycles from the off-taker's contracts/LPOs.
  • 4
    Repayment of the IDF will consist of a bullet payment for the principal, sourced from the proceeds of the discounted invoices, while interest will be paid monthly from the company's margins on the services provided.
  • 5
    All IDF applications shall only cover a single transaction (a fresh application shall be required for every transaction). No invoice will be discounted if there is an unpaid matured discounted invoice.
  • 6
    The borrower is required to submit an undertaking to route all their proceeds from the off-taker(s) through their account at Exim Bank.

Submission of an undertaking by off-taker(s) addressed from IDF borrower to domicile their discounted invoice(s) proceeds into their account with Exim Bank. (Issued by Exim). The borrower is required to submit an undertaking to route all their company proceeds from the off-taker(s) through Exim Bank as a condition for facility availment.

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