Fixed Term loan

Our Fixed Term loan is a structured personal loan tailored to meet the needs of customers who need finance for up to 24 months. The loan can be used for any purpose and is repayable in fixed monthly instalments

What it offers you

  • The loan amount you may qualify for depends on your income and how much you can afford
  • Loans may be granted for up to 30% of your net salary. The loan repayment term can be negotiated from 12 to 24 months
  • Interest is charged on late payments
  • Loan amount  is tied to acceptable monthly Instalment To Income(ITI)
  • The loan tenures are 12 and 24 calendar months
  • Principal and interest are repayable every month

Who can apply

You can apply for a Fixed Term loan if you:

  • Have been permanently employed for at least 12 months
  • Earn a net monthly income of Tsh150 000 or above
  • Are a Tanzanian citizen with permanent residence
  • Have a Stanbic Bank transactional account which has been open for at least 6 months into which you deposit your salary every month

Documentation required

Visit your nearest branch with the following documents:

  • Verifiable payslips
  • Letter of introduction from your employer
  • Six months’ bank statements (for new customers)
  • Proof of residential address (utility bill less than 3 months old)


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