NMB Salary Advance is an instant Salary Advance credit line that covers emergency needs of Tanzanians before they get paid. It aims to aid all the individuals who face mid-month crisis by providing short-term line of credit loans until they receive their salaries. NMB Salary Advance offers instant loans up to TZS 1,000,000 with no flexible payback terms.
NMB Salary Advance has been designed specifically for employees who receive their monthly salaries through NMB Bank. They can be able to access up to 40% of their monthly before the salary date.
Features of Salary Advance
- You can get up to a maximum of TZS 1,000,000 instantly
- Free of interest rate
- Repayment term is 30 days
- No upfront charges
- Only 5% processing fee charged at the end
For Example:
- Salary advance of TZS 10,000/- repayment will be 10,000 + 500
- Salary advance of TZS 100,000/- repayment will be 100,000 + 5,000
- Salary advance of TZS 500,000/- repayment will be 500,000 + 25,000
- Salary advance of TZS 1,000,000 repayment will be 1,000,000 + 50,000
To calculate your repayment plan use our Loan Calculator.
What you need to have Salary Advance?
- Channeling of your three recent salaries to NMB account
- You should not have an existing Advance Salary outstanding balance
- Registered on NMB mobile service
How to apply NMB Salary Advance
- Dial NMB mobile by dialing *150*66#
- Select Salary Advance
- Follow instructions
Benefits of Salary Advance
- Get access to your Salary before salary date
- Solve your urgent problems instantly through NMB salary advance
- You can apply salary advance twice a month, once you have paid the previous outstanding salary advance amount
To read terms and condition of NMB Salary Advance please Click here to download
For more assistance, please visit your nearest NMB branch or call our toll free number– 0800 002 002
READ ALSO: JOBS IN TANZANIA
For more information Visit