Revolving Term loan

Revolving Term loans are developed to meet the needs of qualifying customers who need long-term finance. This facility offers a revolving capability after 6 months of good account behaviour, which means you can borrow money again without reapplying for a loan. Due to the revolving nature of the product, it does not have a fixed repayment period.

What it offers you

  • The loan amount you qualify for  depends on your income and how much you can afford (maximum is  TZS 50 m)  
  • Loans may be granted for up to 40% of your net salary (minimum 12 months maximum 48 months)
  • There is no specific loan repayment term because it is a revolving facility
  • Loan amount is tied to acceptable monthly Instalment To Income(ITI)
  • Principal and interest are repayable every month
  • Ability to revolve the facility


Who can apply

You can apply for a Revolving Term loan if you:

  • Have been permanently employed for at least 12 months
  • Earn a net monthly income of TZS1-million or above
  • Are a Tanzanian citizen with permanent residence
  • Have a Stanbic Bank transactional account, which has been open for at least 6 months and into which you deposit your salary every month. 

Required Documentation

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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