FEE AND INTEREST RATE

PML charges fees to cover processing cost, to assure the continuation of PML and to indicate the
seriousness of the process. This can be review by PML when its necessary based on rules and regulation
of Operate the MFI in United Republic of Tanzania.

A. Fees
Application Fee 30,000/= Non- Refundable
Refinance and note 30,000/= Non- Refundable
modification
Processing fees 10 % of the Non- Refundable
Loan
Open & Closing Borrower is responsible for all legal and loan documentation expenses
including mortgage filling and discharge
Late Charges Payments more than 15 days late will be charged a fee equal to 5% of
the unpaid portion of regularly scheduled payment.
Default Borrower is responsible for all costs associated with default of the loan,
including collection costs, attorney fees, etc.
Early Payment 10% of the foregone interest is charge for early cancelation.

B. Interest Rate
PML‘s board of directors shall establish, and periodically evaluate, an interest rate range. The
rage shall be determined by weighing the following factors:
 Average cost of Fund
 Costs of ongoing operations
 Long-term sustainability goals
 Market sustainability and opportunities
 Rules and Regulation govern the operation of MFI in united Republic of Tanzania.

The table below is Current PML Interest Rate per Product, Loan term and Loan Amount:
PRODUCT LOAN AMOUNT LOAN TERM INTEREST RATE
Any Amount 1 Month 12%
SALARY LOAN 5,000,000 To 10,000,000 2-3 Months 8%
Any Amount 4-6 Months 6%
Any Amount 1 Month or Bellow 10%
SME LOANS Any Amount 2 Months 15%
Any Amount 3 Months 25%
50,000 To 350,000 4 Weeks 12%
GROUP LOAN 50,000 To 350,000 8 Weeks 10%
50,000 To 350,000 12 Weeks 8%

All loans shall receive fixed Interest Rate that is determined based on interest rate range as stipulated
on above table. The Interest Rate can be review by PML at any time when needs arises based on rules
and regulation of Operate the MFI in United Republic of Tanzania.