A convenient and flexible answer for your fluctuating day-to-day cash flow.
ICB EasyOverdraft facility allows you to withdraw funds quickly and conveniently in excess of the funds that are available in your current account up to the approved credit limit whenever required. It is available to customers, subject to a pledge of collateral acceptable to the bank.
Cost-effective short-term borrowing facility of maximum 1 year
Wider range of accepted collateral
Overdraft facility is available in TZS and USD currency
Margin of advance between 50% up to 70% depending on the collateral pledged and 90% when secured by cash collateral (Fixed Deposit)
No Fixed Repayment Schedule
Flexibility to utilize funds as and when required
Affordable and attractive interest rates
Interest is calculated on a daily basis based on the balance outstanding at the end of each business day
Please refer to ICB Tariff Guide for fees and charges related to this product
Individuals aged 18 years and above
Non-Individuals – (Clubs, Societies or Associations)
Sole Proprietorship and Partnership
Limited company registered in Tanzania