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TMRC Prevailing Interest Rate 7.5%

The price is fixed at 7.5% for Member-Banks and at 8.5% for Non-Member Banks

1

Structure

TMRC is a wholesale institution with a majority ownership by its users. It can neither take deposits nor lend directly to households

2

Purpose

TMRC will provide term finance to PMLs in order to reduce the liquidity risk incurred in their provision of long term loans for housing.

3

Expertise

TMRC will be a repository of mortgage market knowledge and expertise setting appropriate standards for PML documentation .

4

Charter

The company is structured as an open club whereby all primary market lenders (PMLs) are invited to subscribe in its shareholding.

Taasisi ya TMRC Inavyowezesha Mikopo ya Nyumba

Mkurugenzi Mtendaji wa Taasisi ya mikopo ya nyumba ya Tanzania Mortgage Refinance (TMRC), Oscar Mgaya amezungumzia namna ambavyo taasisi hiyo inavyoziwezesha Watanzania wengi zaidi kujipatia mikopo katika mabenki baada ya wao kuwawezesha kupata fedha za muda mrefu ili yaweze kutoa mikopo ya muda mrefu na hivyo kurahisisha mpango wa ukopeshaji

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About

Tanzania Mortgage Refinance Company Limited (TMRC) is a private sector financial institution with a sole purpose of supporting.

Vision

To become the preferred secondary market intermediate for mortgage financing in Tanzania.

Mission

To expand home ownership in Tanzania by providing long term financing to primary mortgage lenders.

News and Resources

TANZANIA MORTGAGE MARKET UPDATE – 30 JUNE 2022

The mortgage market in Tanzania registered a 1.24 percent growth in the value of mortgage loans as of 30 June 2022 as compared to…

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02 Jul, 2022 News and Events

Oscar Mgaya elected to be Chairman of International Secondary Mortgage market Association (ISSMA)

Oscar Mgaya elected to be Chairman of International Secondary Mortgage market Association (ISSMA) Mr Oscar Mgaya, Chief…

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TANZANIA MORTGAGE MARKET UPDATE – 31 MARCH 2022

The mortgage market in Tanzania registered a 1.41 percent growth in the value of mortgage loans as at 31 March 2022 as compared to 2…

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