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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 SEPTEMBER 2024

The mortgage market in Tanzania registered a 4.0 percent growth in the value of residential mortgages from TZS 625.00bn recorded on…

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TANZANIA MORTGAGE MARKET UPDATE – 30 JUNE 2024

The mortgage market in Tanzania registered a 1.70 percent growth in the value of residential mortgages from TZS 614.57bn recorded on…

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03 Jul, 2024 News and Events

ISMMA Appoints Chairman for Mandate 2024-2026

The International Secondary Mortgage Market Association (ISMMA) is pleased to announce that Oscar Mgaya, Chief Executive Officer of…

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