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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.

Some of the benefits

Anytime Access

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

Pay on the go

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

Convenience - Overdraft

Change your limit via any of our self-service channels

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
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
  • 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
  • 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
We also offer
Banking App
Banking App

Manage your accounts and limits, make payments and safely send money from your smartphone or tablet. Visit the App store or Google Play store to download the latest version of our banking app.

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Internet Banking
Internet Banking

Through our internet banking you can check your balances and statements, transfer funds to another account, transfer money from account to bank to wallet, pay your bills and top-up your mobile easily at your convenience.

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