Revolving Credit

Home / Business Banking / Business Loans / Revolving Credit

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.

  • 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

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

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

  • Sole Proprietorship

  • Partnership

  • Limited liability companies duly incorporated