Unsecured Personal Loans: Top Picks for Fall 2026

Stanbic Bank's Unsecured Personal Loan offers up to TZS 200 million, making it a top choice for those needing a significant amount without collateral. The loan term can extend up to 108 months, ideal for those looking for long-term repayment options. However, it comes with a 2% facility fee on every draw and an 8% penalty for early settlement, which could deter those planning to repay early.

CRDB Bank stands out with an upper limit of TZS 250 million and a starting rate of 16% p.a. on a reducing balance. This loan is ideal for government employees or those whose employers have a Memorandum of Understanding with the bank. While the rate is competitive, the requirement for specific employment limits eligibility.

Bank of Baroda Tanzania provides a personal loan with a rate range of 15% to 18%, making it one of the lowest published in the region. This transparency is beneficial for borrowers who prefer clear expectations. The loan is capped at five times the applicant's gross annual income, and a 6-month banking relationship is required before applying.

Absa Bank's unsecured loans cater to high earners, with amounts from TZS 1 million to TZS 120 million. The requirement for a minimum salary of TZS 2 million for Prestige clients and TZS 6 million for Premier sets a high entry threshold. This makes it suitable for affluent individuals seeking significant loan amounts.