Reasons why you should not Sell or Transfer your Bank Loan from NMB to CRDB !

I have already written an article on the process you should follow when you want to Sell or Transfer your Loan from NMB to CRDB or crdb to anmb.

Today i want to explain on the reasons why you should not sell or transfer your loan to another Bank !
 The truth is , i have tried to do this case and i want to share with you my experience and give you friendly warning  as follow :-

1. You will end up with Small amount of Loan . This is because when you want to transfer or sell your loan from Bank A to bank B , you have to request your balance from Bank A and after being given your balance you take it to Bank B where they make calculations and they will tell you that you qualify for acertain amount of loan.
Example below :-
If you are indebted or your debt after your final request from bank A is 8, 0000,000 and you qualify for for 10, 000,000, then you will end up with only 2,000,000 as they take the balance from bank A and then take the amount you are qualified and then minus the balance from Bank A.

2. Another reason of why you should not transfer your loan from Bank A to B is this, that you need the same process you went through applying the same loan in Bank A. Also you need all document you used in applying for loan in bank A.

3. Another reason is this , that the time of your contract with your old Bank,, i mean Bank A tend tk end there ! And therefore when you transffer your loan to Bank B , you are going to start or establish new contract with Bank B and therefore the years of the contract will rise depending on the amount you need.

Friendly advice , please do not sell your or transfer your loan to another Bank. Just wait until you full finished paying your  loan from Bank A .

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What process should I follow to Sell my NMB BANK loan to CRDB BANK ?

The time you are reading this article  i know you might have a Bank loan either in NMB bank or CRDB bank. 

When you want to top up your Loan within a bank its Simple But Selling your Loan or Transferimg your loan to another Bank is not a difficult task either however there are some procedure you must follow (i will explain below).

The question is do you understand the risk ? If you do not then follow my next article ! "what happens if you transfer or sell your loan to another Bank !"

BELOW ARE THE PROCEDURE TO FOLLOW WHEN YOU WANT TO SELL OR TRANSFER YOUR LOAN TO ANOTHER BANK (BANK A TO BANK B)

I will use NMB and CRDB as an example :-

1. Visit the nearest bank Branch near you ! (Bank where you want to sell your loan)

2. Tell them that you want to transfer your loan to their bank company.

3. They will give you a letter to the Bank A (Example if you have loan from NMB, then CRDB bank will give you a letter and Send it NMB. 

4. The letter is for requesting NMB to give you your Loan balance (the amount  of  loan which you have at NMB  ) Remember , the amount you see on your Salary slip is not the one you are indebted by NMB)

5. After having sent the Balance request letter to NMB then you have to wait three days , After three days are over they will contact you (they will call you via phone or send you an sms) . Then you go and pick your your real balance letter from NMB .

6. Take your balance letter to CRDB bank . 

7. When you have decided to go to CRDB make sure you have full requiered document, such as salary slips and others.

8. Then after having all document, you can now go to CRDB and see the loan officer , Loan officer will calculate the amount you are eligible to get . 

9. Then now you have completed all steps .

10. READ MY NEXT ARTICLE " REASONS WHY YOU SHOULD NOT SELL YOUR LOAN TO ANOTHER BANK.

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What will happen to you when you fail to repay your Online Loans like Branch and Tala ?

I know sometimes it happens that you may fail to repay your online Loans from a company that gave you a loan !

As we know online loans everything is taken care on the internet, and so it may come a time that you filled all your deteils there including
Your National IDs, Passport , Driver lincese and phone number.

So what do you think will happen when you will fail to repay your online loan ?
The answer to this question is simple , as i have also tried to explain in one of my article some of the effects , such as :-
i. Being denied for the next loan

ii. You wont be able to apply loans to other companies.

iii. You wont benefit from promotions and loans services for a certain period of time on the company you applied your loan.
 Example below

But what exactly will happen if you ignore totallyto repay your online loans.

1.First you will be reported the National Credit Authority, and it will deal with you !

2.  They will make sure that they try to remind you via sms even if you unistall your application they will use your phone number to track you !

3. You will be sent to court ! Being failed to repay all your debts online.

However this is rarely

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How to get capital up to 1 million for starting a trade without investment using online loans !

I know you wont believe that you can become a successful trader without using your coin or investment !
But today i want to tell you that its possible and you can became a succefully trader and became millionare somedays !

Lets see how it works , but before that i want to tell you the truth that there is no easy money in this world , to make this happen ( i meaan being a successful trader you need to be patient and dedicate yourself )

And again i tried to do it and it sound to work 99% because  i tried to do it and i have seen that it is possible to became a millionare without any investment !
 I will also show you evidences on how much i made without puting there my money ,
Let us go to the point !


1. First of all you need a company to lend you a loan . There are different online company offering online loans with fewer or no Sifficult conditions. Example Tala and Branch.
I've been using Branch to get fast, affordable loans. Get the Branch app: Branch loan Mobile app Be sure to enter my promo code 4zmtwc.

Branch is available in some countries in East and West Africa such as Tanzania ,Kenya and Nigeria.
Another online Fast smarphone loan lendes Tala which is also available in some of African Countries like Tanzania

2. You need to go to the play store using your mobile phone or computer and download and install your favourate loan Lender company. Example TALA Tanzania or BRANCH. You must have a smartphone or computer which has an android emulator.

After having successful download please register .Always rgistration is simple if you have all required document, such as Nationa Identity Card, Driver license and or Passport.

3. After completing your resgistration please process your loan . Loan processing is easier and you will receive your loan with in 24 hrs , depending on a company, Some Company like BRANCH it takes only 8 hours to process and give you your loan.

4. You will be receiving a small amount of loan for the first time and this is because the company want to test you if you will be able to pay the first loan you have been given. The amount of loan it depend on a company. Forexample Branch will start with Tsh 5000 or 20,000 or Tala tanzania will start with Tsh 5000 to10000.

5. After having received your loan, please do not spend the money you receive , This is because you need the money to pay your fisrt and the comming loan ! How ever you need an extra money yo pay your loan interest . The queation is where will you get your loan interest ? Read number six.

6. You can get the money to pay your loan interest by inviting your friends to the company. The amount of money from your referal link varies depending on acompany . Example Tala Tanzania , offers Tsh 8000 and also Branch offers Tsh 10,000. And this amount will help you to repay your next loan. Example here is mine

I have Tsh 60,000/= from Branch , the promotions you benefit from your friends will help you to repay your next loan, that is , they will be deducted automatically when you apply for your next loan.

7. Here is how you can make or start a business without any investement from your own Capital.
 If you follow it clearly !

 Thanks you for reading this, you can follow my blog and or suscribe on my youtube chanel nimejaribu. com

Read also my Article on why should you not let your loan being default .

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Things you should not do when applying for Branch or Tala loans

When applyimg to Branch or Tala and or other online Loan lenders and you have succeseful issued or got your loan, avoid your loan being defaulted !

This is because when your loan is defaulted you wont be able to benefit from promotions and also you will not be able to get the loan on time in the next time.

The company may also report you to Credit Authorities 

You will also be denied loans from other online loan if you delay and you default your loan! 

Note: if you want to be safe and enjoy online loans its better if you pay your debts ontime.

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What is Branch loan lenders, understand online loans !

Branch is a company which deals with lending loans to its people who qualifies for receiving loans. It operates in some countries such as kenye , and Tanzania.

Branch has a large number of customers , where by about six million loans has been granted to its user.

Branch is number one online loan lenders with large amount of Loans up to one one million ( 1 million ) Compared to other company . If you are interested in Branch you may  visit this link and register.  Branch link   you can also use my referal code if you wish and enter them under "my promotion in branch" here are the code because I've been using Branch to get fast, affordable loans. Get the Branch app: https://branch.co/download/4zmtwc. Be sure to enter my promo code 4zmtwc

Brach offer mobile financial services across emerging markets to spur human potential

With Branch, everything is 100% smartphone based. We bypass the hurdles imposed by traditional institutions and provide more customers in more places access to money and the freedom to use it whenever and wherever they choose.

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