UP TO 2Mil

New Loan Top-up

Top-up balance 1,800,000.00
Loan amount 1,500,000.00 1,800,000.00
Disbursed loan 1,500,000.00 -

Loan term 6.00 6.00

Interest rate 3.5% 3.5%
Loan processing fees (On take home) 150,000.00 -
Joint Registration 50,000.00 -
Chattel registration - -
Tracking installation - -
TRA search - -
Tracking De-Installation - -
Title Discharge fee (monthly) -
Monthly Tracking Monitoring Cost -
Monthly maintanance fee 3,540.00 3,540.00

Capitalized costs 200,000.00 -

Capitalized Loan 1,700,000.00 1,800,000.00
Total Interest 214,215.73 226,816.65
Total Loan Payable 1,935,455.73 2,048,056.65
Monthly Installment Amount Payable 322,575.95 341,342.78
Effective Interest Rate (p.m) 3.50% 3.50%
Effective Interest Rate (p.a) 42.00% 42.00%
Disbursement Charges: Nature of fee
Interest Rate
Loan processing fees (VAT inclusive)
Repayment period
Loan Amount
Joint ownership registration (Client cost) Capitalized
Joint ownership Discharge (Client cost) Capitalized
Tracking Installation cost (Client cost) Capitalized
Monthly tracking cost (Client cost) Monthly
Tracking Deinstallation cost (Client cost) Capitalized
Car history check (Client cost) Capitalized
CRB cost-VAT Exclusive (Company cost) N/A
Chattel registration Capitalized
Motorvehicle Insurance (Cost)

Default charges:
Penalties Rescheduling Fees
Late payment penalty
Collection Fees
Auctioneer Fees
Storage Fees
Advert
Yard Valuation
MV Repairs/Mechanical
Any other collection cost
Post Term Interest
SME CHAP CHAP SME CHAP CHAP (TOP-UP)
3.5% per month (Reducing) 3.5% per month (Reducing)
10% 10%
3months (Max) 3months (Max)
0.5M - 2M 0.5M - 2M
TZS 50,000 TZS 50,000
TZS 50,000 TZS 50,000
N/A N/A
N/A N/A
N/A N/A
N/A N/A
TZS 2,806 TZS 2,806
N/A N/A
3rd party 3rd party

10% of installment, 2 days before due date

10% of Outstanding installment amount, on one day in arrear
15% of Outstanding installment amount, on day 15 late
At Cost to 3rd Party
At Cost to 3rd Party
At Cost to 3rd Party
At Cost to 3rd Party
At Cost to 3rd Party
At Cost to 3rd Party
Charge 0.33% from Day 4 late (Maximum of Quarter of the loan tenure)