Jijenge

Jijenge:

A way to own your dream house

Jijenge Products

Jijenge is tailored to suit customer needs through the following products;.

  • Home Purchase - for customers who want to purchase their dream houses
  • Construction - for customers who want to construct their dream houses.
  • Refinancing (Equity Release) - for customers who require loans against existing houses to finance home extensions and improvements.
  • Transfer (Take over loans) – for customers who want CRDB Bank to take over a mortgage loan from other lenders.

Features of Jijenge

Jijenge bears the following features;

  • Offers to employed, self employed Tanzanians and Tanzanite customers.
  • The loans are offered in Tanzanian Shillings (TZS) only.
  • Maximum loan amount of up to TZS 500 million.
  • Repayment period of up to 25 years.
  • Available to individuals with ages between 21 and 60 years old.
  • A loan of up to 90% of the purchase or construction costs of the house.
  • Affordable interest rates.
  • Mortgage Protection Cover (in the unfortunate event of death or permanent disability).

Repayment mode

Repayment of the loan can be done through the following modes;

  • Equal monthly installments – equal amount of money every month for the period of the loan.
  • Balloon payment – single installment after receipt of pre-determined lump sum e.g. terminal benefits.

Documents Required

i. General documents required;

Documents required from all customers are;

  • Copy of approved ID or a valid Tanzanian Passport.
  • Two passport size photos.
  • Dully completed Jijenge application form.

ii. Specific documents required;

For the Employed

Specific documents for the Employed customers;

  • Business history, profile and background.
  • Audited books of accounts for last 3 years.
  • Projected cash flows, balance sheet/ profit and loss account for the next 3 years.
  • Bank statement (any bank) for the last 12 months.
  • Full details of all borrowings and facilities advanced from other institutions.

For Tanzanite Customers

Specific documents for Tanzanite customers are;

  • Copy of residence/ work permit.
  • Employment contract or letter from Ministry of Foreign Affairs (for Foreign Affairs employees).

How to apply for Jijenge

To apply for Jijenge is very simple;

  • Visit any CRDB Bank branch country wide and enquire about Jijenge.
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