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.
NIL
Minimum monthly income
Flexible
Maximum loan limit
12 months
Months to repay
Personalized
Interest
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
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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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