Exim Bank Tanzania review

Updated September 28, 2026 · BorrowCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Exim Bank Tanzania is a direct lender whose personal loans serve government employees in Tanzania, so a salary-based borrower knows who they are dealing with. The Wafanyakazi Loan covers TZS 1,000,000 to TZS 200,000,000 over terms of 6 to 120 months, with an origination fee of 1.5% of the amount borrowed.

Key facts

Best for
Government employees in Tanzania who want a personal loan or a revolving credit line sized to a public sector salary.
Loan amount
TZS 1,000,000 to TZS 200,000,000 (Source, checked September 26, 2026)
Term
6 to 120 months (Source, checked September 26, 2026)
Arrangement fee
1.5% of loan amount, minimum TZS 65,000 incl. VAT (Wafanyakazi Loan) (Source, checked September 26, 2026)
Lender type
Direct lender (Source, checked September 26, 2026)
Eligibility
Government employees of Tanzania with national ID, 6 months bank statement, recent salary slips and employer introduction letter (Source, checked September 26, 2026)
Origination fee (%)
1.5% (Source, checked September 26, 2026)
Loan types
Personal, Credit-line, Secured (Source, checked September 26, 2026)
Headquarters
Tanzania (Source, checked September 26, 2026)
Founded
1997 (Source, checked September 26, 2026)
Support channels
Phone, Email, Help-centre (Source, checked September 26, 2026)
Features
Credit line
Official website
eximbank.co.tz

Apps and profiles

Get the app
App StoreGoogle Play
Elsewhere
LinkedInX

Pros and cons

Pros

  • As a direct lender the arrangement sits with the bank rather than a broker, and the origination fee of 1.5% is stated on the terms.
  • Borrowing of TZS 1,000,000 to TZS 200,000,000 over terms of 6 to 120 months covers a short gap as well as a large purchase.
  • Personal loans, credit lines and secured borrowing sit under the same roof, so a flexible line and a fixed advance are both available.
  • Support runs on phone, email and help centre, so a call or an email reaches the bank that holds the loan.

Cons

  • Eligibility stops at government employees in Tanzania, and you also need a national ID, a bank statement covering the required period, recent salary slips and an introduction letter from your employer.
  • The origination fee of 1.5% sits on top of the rate you pay on the money itself, so the headline percentage is not the whole cost.
  • Terms of 6 to 120 months can leave a large total to clear on a TZS 1,000,000 to TZS 200,000,000 loan, so the full repayment figure matters more than the instalment.
Exim Bank Tanzania

Ready to try Exim Bank Tanzania?

Scored 9.0 / 10 by BorrowCue.

See alternatives

Who it suits

  • Public sector staff in Tanzania who want a fixed advance and a flexible line from the same bank, rather than the short small-ticket model Cashspace serves.
  • Readers cross-checking against Monzo Flex, whose amounts of £10,000 to £35,000 run in another market and currency, are comparing shapes rather than equivalents.

Who should look elsewhere

  • Self-employed applicants and private sector staff, since eligibility stops at government employees of Tanzania.
  • Anyone borrowing outside Tanzania, where Cashspace ES at €100 to €5,000 belongs to a euro market rather than a shilling one.

The company behind it

Exim Bank Tanzania is a direct lender based in Tanzania and has been lending since 1997, so the name on the agreement is the bank you deal with rather than a middleman. Its personal offering covers loans, credit lines and secured borrowing for public sector staff. Questions go through phone, email and help centre.

How Exim Bank Tanzania compares

Where Exim Bank Tanzania is available

Available
Tanzania

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What does a Wafanyakazi Loan cost?+

The arrangement fee is 1.5% of the amount borrowed, including tax, with a minimum charge as well. It is a single upfront cost rather than a recurring one, so the rate you pay on the money itself is what decides the total. Ask for that rate in writing.

Who is eligible to apply?+

Applications are open to government employees in Tanzania, not the general public. You need a national ID, a bank statement covering the required period, recent salary slips and a letter introducing you from your employer. Private sector staff and self-employed applicants fall outside that list, so the salary and employer documents are the deciding items.

How much can I borrow?+

The Wafanyakazi Loan covers TZS 1,000,000 to TZS 200,000,000, from a modest sum that clears a short gap to a larger amount for a bigger purchase. Because approval rests on public sector earnings and paperwork, the figure that counts is the one your salary and documents support, and the published range is only the outer limit.

How long do I have to repay?+

Terms run from 6 to 120 months, so a balance can be cleared quickly or spread across a longer stretch. A longer term lowers the instalment but leaves more to pay in the end, and the right choice depends on how steady your salary is month to month.

What kinds of loan are on offer?+

The menu covers personal loans, credit lines and secured borrowing, and a revolving line is among the listed features. Amounts of TZS 1,000,000 to TZS 200,000,000 apply to the salary-based Wafanyakazi Loan. A fixed advance suits a known purchase, while a line suits costs that arrive in instalments.

How do I reach help?+

Help runs on phone, email and help centre, so a call, an email or the help centre reaches the same bank that holds the loan. Live chat and in-app messaging are not part of that list, which makes written questions the better route for anything about rates, fees or early repayment.

How does the cost compare with the market?+

Across personal loans on this site the median rate is 12%, and the cost score here is 2.7. The pool is broad at 1,103 brands overall, with 1,819 of them in the personal loans table, so a market read is available even though the rate this bank charges is not set out.

Sources

  • eximbank.co.tz/en/about checked September 26, 2026

    Backs: Founded

    “Since our inception in 1997, Exim Bank has emerged as one of the leading financial services providers in Tanzania, Comoros, Djibouti, and Uganda”

  • eximbank.co.tz/en/help checked September 26, 2026

    Backs: Headquarters, Support channels

    “Exim bank head office:: Exim Tower, Plot Number 1404, Block Number 05, Postal Address: P.O Box 1431 Dar es salaam”

  • eximbank.co.tz/en/personal/loans checked September 26, 2026

    Backs: Features, Lender type, Loan types

    “Cash Cover Loan: These are term loans or overdraft granted by the bank against a deposit account”

  • eximbank.co.tz/en/personal/loans/wafanyakazi-loan checked September 26, 2026

    Backs: Loan amount, Eligibility, Arrangement fee, Origination fee (%), Term

    “Maximum loan amount of TZS 200 million; The minimum loan amount of TZS 1 million (Wafanyakazi Loan)”

Compiled from 4 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: APR, Credit check, Funding time, Representative example.

Exim Bank Tanzania

Exim Bank Tanzania

Government employees in Tanzania who want a personal loan or a revolving credit line sized to a public sector salary.

9.0/10See alternatives

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