Term loans

Home / Business Banking / Business Loans / Term loans

Term loans

The ideal financing facility that caters to your business needs and cash flow requirements.

ICB EasyTerm Loan facility offers you financing for the purchase of fixed assets, capital expenditure, working capital, bridging financing and other purposes. You have the flexibility to choose the tenor and pricing structure for your facility in order to match your business financing requirements.

Features & Benefits

  • Short, medium and long term lending facility


  • Affordable and attractive interest rates


  • Fixed repayment over loan tenure


  • Maximum Loan Amount is as per prevailing central bank prudential guidelines


  • Wider range of accepted collaterals


  • No commitment fees


  • Flexible Repayment Tenure of up to 5 years


  • Interest calculated on reducing balance


  • Loan available in TZS and USD currency


  • Open Prepayments – you can pay more than your monthly instalments to save on interest


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


  • Grace period on principal repayment of up to 6 months available depending on the nature of the project during such time monthly interest is payable

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.