About DCB Commercial Bank
DCB Bank is a fully-fledged retail and commercial bank in Tanzania. The bank offers banking services to Individuals, Small to Medium sized Businesses, as well as large corporate clients. DCB Bank has a wide branch network of over 8 branches, over 1000 DCB Wakala Agents and over 280 Umoja switch ATMs serving over 3 million customers across the country. The bank has experience of over 18 years and it is the first bank to be listed on the Dar es Salaam Stock Exchange (DSE).
DCB Commercial Bank Plc was registered as a Limited Company on 6th September 2001. In April 2002, DCB started business as a regional microfinance institution. On 12th June 2003 the bank was issued with a license to carry out banking business as Dar es Salaam Community Bank Limited.
In 2008, DCB became the first bank in Tanzania to be listed on Dar es Salaam Stock Exchange (DSE). In February 2012, the Bank was issued a license to carry out banking business country wide as a fully-fledged Commercial Bank. The Bank changed its name from Dar es Salaam Community Bank Plc to DCB Commercial Bank Plc
OUR VISION
To be the preferred Financial Services Provider in Tanzania
OUR MISSION
To provide convenient, excellent and innovative financial services to our esteemed customers, while contributing to social and economic development and generating value to shareholders
OUR VALUES
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Integrity: We possess the courage to do and say the right things.
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Teamwork: We are committed to achieving common goals based on open and honest communication while showing concern and support for each other.
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Respect: We understand and encourage diversity of views among our employees and stakeholders.
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Responsibility and Accountability: We are accountable for failure as well as success, and do not play the blame game.
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Creativity and Innovation: We are the pioneers of innovation and better ways to do things.
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Excellence: We are passionate about leaving things better than they were found.
OUR BEHAVIOURS
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Speed in Execution: We are proactive and prioritize our duties, we say no to procrastination
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Time Management: We respect and value time, we are accountable not to waste time.
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Ownership: We hold ourselves accountable.
OUR SERVICE PRINCIPLES
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Knowledge: DCB Bank products and service
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Friendly: Active listening and courtesy
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Timely: Respond promptly and keep our word
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Value Add: Go the extra mile / be a solution provider
Corporate Social Responsibility
DCB Foundation is a Tanzania based not-for-profit foundation established in 2021 as the social arm of DCB Commercial Bank. It seeks to transform the lives and livelihoods of the people of Tanzania. We champion the socio-economic prosperity of low-income people via economic opportunities and skill and capacity building tools with a range of financial and technological innovations to equip and prepare Tanzanians for the future. DCB Foundation implements high-impact development programs as a unique, innovative model by leveraging DCB COMMERCIAL BANK infrastructure and resources in order to capitalize on the local presence,group lending, mobile tech expertise and significant trust, and therefore is able to scale successfully and efficiently. The foundation enter into strategic partnerships with development partners, governments, the private sector and local and international organizations to strengthen its work. We are committed to impacting the lives of Tanzanians. We work alongside a range of well-placed partners to create shared value for our communities, delivering on our promise as a committed corporate citizen while ensuring the long-term success.
DCB Commercial Bank Loan
DCB Commercial Bank lends property and cash loans at the rate you need, there are loans for entrepreneurs and small business owners who need to grow their businesses and capital according to their income. DCB Commercial Bank gives you the opportunity for a businessman & entrepreneur to borrow the amount of money you need. they also offer property and cash loans to government employees and companies click here so you can check the methods and criteria for getting a loan.
Equipment/Investment Loans
Investment/Equipment loans are medium term loans with regular repayments. The purpose of investment/equipment loan is to provide partial finance of the purchase of productive equipment
Features
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Loan Amount TZS. 500,000 – TZS. 200,000,000
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There is no application fee
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Commitment fee 2%
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Minimum balance in account required is 20% of applied loan
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Turn around time 3 working days
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Interest rate 21% (flat) p.a
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Monthly repayment
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Repayment Period of 36 months
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Insurance rate 1%
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Grace period Up to three months on case -by -case basis
Requirements
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Equipment to be purchased forms party of security
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Additional security will cover at least 100% of the loan amount.
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Total value of equipment plus securities shall cover 150% of the loan amount.
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Have a minimum of 1-year experience as an owner/manager of the business to be financed.
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Have necessary technical skills and experience to operate the equipment to be financed
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Contribute at least 25% IN CASH towards the purchase of the equipment;
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The life expectancy of the equipment to be financed shall be at least equal to the loan period;
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Be in possession of a savings or current account. In case of liquidity shortages or other operational capacity constraints, preference shall be given to those clients who have operated an account for three months or more;
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Not to have another outstanding loan facility at DCB. In certain cases, subject to approval by the Head Office Credit Committe
DCB Commercial Bank Address, Location and Contact Details
Head Office
- DCB House, Magomeni Mwembechai, Morogoro Road
- P.O Box 19798, Dar Es Salaam.
- Tel: +255-22-2172201
- Fax: +255-22-2172199
Job Vacancies, career and Internships at DCB Commercial Bank
NMB uses creative recruitment practices that ensure all applicants are carefully evaluated. DCB Commercial Bank Job vacancies are normally advertised through the Official DCB Commercial Bank Tanzania career website page which can be accessed through this link – https://www.dcb.co.tz/careers
Find and apply for jobs advertised by DCB Commercial Bank by browsing the links listed below:
DCB Commercial Bank useful links
- DCB Commercial Bank website: https://www.dcb.co.tz/
- DCB Commercial Bank job vacancies – careers page: https://www.dcb.co.tz/careers
- DCB Commercial Bank Loan: https://www.dcb.co.tz/p/equipment_loans
