CRDB BANK BOOM ADVANCE LOAN HESLB
Boom Advance is a short term loan designed specifically for students of higher learning institutions. The product is intended to offer short term financial solutions to students prior to receiving HESLB allowances.
NOTE: Service Will Be Available After Opening Of Universities
Why Boom Advance Loan?
- Instant loan 24/7- no paperwork required
- No interest applied.
- Reasonable loan amount of up to TZS 120,000
- Option to top up loan
- Automatic repayment as soon as HESLB pays allowances.
Who is Eligible for Boom Advance Loan?
- HESLB Loan beneficiary
- Registered in a public or private university
- Must Maintain Account with CRDB Bank and received HESLB allowances at least once
- Registered with SimBanking App.
- A student must be on-boarded through Digital Disbursements Solution (DIDIs)
How to Apply for Boom Advance Loan?
- Log in SimBanking App. Don’t have SimBanking App? Download here
- Select Quick Loans
- Select Boom Advance
- Enter loan amount requested (You can lend from TZS10,000- TZS 120,000- You are not restricted to apply the whole amount at once, you can apply at any time you are in need.
- Accept Terms & Condition
- Confirm Transaction
- The loan amount will be credited instantly into the borrower’s accounts.
To apply Open Simbanking App here