Affluent Unsecured 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.
Personalized
Interest rate
12 months
Months to repay
TZS 20 Million
Maximum loan limit
TZS 4 Million
Minimum monthly income
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
Borrow on the same current account that is used for daily banking transactions
No Fuss
Funds are available immediately
What you get
- Minimum and maximum limit size is TZS 500,000 – TZS 20,000,000
- Maximum loan tenure is 12 months
- 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
- Competitive interest rate offered
- 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
- Facility of 2% collected upfront
- Insurance: 0.78% per annum (collected upfront, covering life, disability and funeral)
- Penal charges: 10% of the arrears amount
How to get it
- Be 18 years to 75 years.
- Tanzanian citizen with permanent residency or a foreigner with a work permit.
- Have an existing current account with Stanbic bank
- A minimum of six months’ salary history is required.
- One recent salary slip
- Introduction letter signed by employer and the applicant
- Loan Application form fully filled
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What you get
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What it costs
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How to get it
- Minimum and maximum limit size is TZS 500,000 – TZS 20,000,000
- Maximum loan tenure is 12 months
- 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
- Competitive interest rate offered
- 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
- Facility of 2% collected upfront
- Insurance: 0.78% per annum (collected upfront, covering life, disability and funeral)
- Penal charges: 10% of the arrears amount
- Be 18 years to 75 years.
- Tanzanian citizen with permanent residency or a foreigner with a work permit.
- Have an existing current account with Stanbic bank
- A minimum of six months’ salary history is required.
- One recent salary slip
- Introduction letter signed by employer and the applicant
- Loan Application form fully filled
We also offer
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.
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.