Revolving Credit

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Revolving Credit

Short to medium term working capital needs at a determined and agreed repayment period.

ICB Revolving Credit is a working capital facility to address your financing needs over a short to medium term period.

Features & Benefits

  • Flexibility to draw on funds within approved limit


  • Rollover for period of 1,3,6 and 12 months upon maturity date


  • Lump sum payment upon each maturity


  • Available in TZS and USD currency


  • Margin of advance up to 70% of the collateral value


  • Amount paid is allowed to be reused within the agreed term and limit


  • Affordable and attractive interest rates


  • Suitable for working capital, capital injection and/or asset acquisition that cater for business needs or project/contract financing

Fees & Charges

  • Please refer to ICB Tariff Guide for fees and charges related to this product

Eligibility

  • Tanzanian citizens only, aged between 18 to 60 years old

  • Sole Proprietorship

  • Partnership

  • Limited liability companies duly incorporated

To know more, click on the form to fill your contact details and our customer service executive will contact you or drop by at our nearest ICB branch.