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Overdraft

Overdraft

Sometimes you simply can’t avoid going over budget, and that’s when it helps to have an overdraft. It’s always there when you need it.

Overdraft value propositions

Anytime Access

Draw money whenever you need it from an overdraft that’s always available

Convenience

Change your limit via any of our self-service channels

Pay as you go

Pay interest only on the amount that you’ve used during the month

No Fuss

Avoid minimum monthly repayments, with full settlement the instant your salary is paid
What you get
  • Funds are available immediately and you can use as much of your agreed overdraft limit as you need whenever you need it. The total limit is always available
  • The interest rate is linked to prime so that you benefit when prime rates decrease
  • No monthly repayments. Only a deposit into your current account, preferably your salary
  • An overdraft gives you the comfort of knowing that you have instant access to extra cash in case of an emergency
  • You can take out insurance on your overdraft to give you the peace of mind of knowing that your loan will be paid in full in the event of disability, dread disease or death
  • The amount you qualify for depends on your affordability and credit risk
What it costs
  • Only pay interest on the amount you use
  • No account fees
  • Competitive interest rates

Pricing Guide

How to get it
  • Be 18 years or older.
  • Tanzanian citizen with permanent residency or a foreigner with a work permit.
  • Have an existing current account with Stanbic bank

Download application
View T&C

  • What you get
  • What it costs
  • How to get it
  • Funds are available immediately and you can use as much of your agreed overdraft limit as you need whenever you need it. The total limit is always available
  • The interest rate is linked to prime so that you benefit when prime rates decrease
  • No monthly repayments. Only a deposit into your current account, preferably your salary
  • An overdraft gives you the comfort of knowing that you have instant access to extra cash in case of an emergency
  • You can take out insurance on your overdraft to give you the peace of mind of knowing that your loan will be paid in full in the event of disability, dread disease or death
  • The amount you qualify for depends on your affordability and credit risk
  • Only pay interest on the amount you use
  • No account fees
  • Competitive interest rates

Pricing Guide

  • Be 18 years or older.
  • Tanzanian citizen with permanent residency or a foreigner with a work permit.
  • Have an existing current account with Stanbic bank

Download application
View T&C

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Biashara Mobile 2
Biashara Mobile

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Business Online
Business Online

An electronic banking channel that is user-friendly and enables you to do your banking from the confines of your work environment. From simple transactions and transfers, to local and cross-border trade deals and forex payments, you have full control over how you handle your finances.