Personal Overdraft

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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.

  • Flexible repayment options that take into account your present and future needs

  • Type of properties – completed and under construction residential apartments or house

  • Affordable and attractive interest rates

  • Loan amount – Minimum TZS 15 million and Maximum TZS 500 million or its equivalent in USD.

  • No commitment fees

  • Higher margin of finance of up to 80% of the value of the property

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

  • Loan available in TZS and USD currency

  • Longer repayment period of up to 20 years for TZS loans and 10 years for USD loans or until the age of 65 years, whichever event occurs first

  • 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