First Housing Finance (Tanzania) Limited is a financial institution focused on providing housing loans to Tanzanians. It was established in 2017 as the first bank in Tanzania to specialize in housing loans, licensed by the Central Bank of Tanzania. The company is the result of a partnership between Azania Bank Limited, International Finance Corporation (IFC), Housing Development Finance Corporation Limited (HDFC) of India, and Tanzanian private investors, including the Karimjee family and Sanjay Suchak. First Housing Finance is headquartered on Barack Obama Road, Dar es Salaam. Their vision is to be the most preferred housing loan service provider in Tanzania, while focusing on providing affordable and fast housing solutions to the citizens. The services provided by this company include: Home purchase loans, Home renovation loans, Home expansion loans, Home completion loans, Loans to repay mortgages from other institutions, These loans have favorable terms, with a repayment period of up to 20 years, and include life insurance of the borrower and property insurance, Loans are secured by a valid land title deed. Considering the housing needs of low- and middle-income citizens, First Housing Finance aims to expand its services in major cities in Tanzania. Overall, First Housing Finance (Tanzania) Limited contributes significantly to the growth of the housing sector in Tanzania by providing easily accessible and affordable housing loans to citizens.
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