• How it works

    Benefits of this loan
    • Interest rate  of 13-14%
    • Get up to 90% of the security pledged as a limit
    • No insurance fee is charged
    • Fast and hassle-free application process
    • Limit is assigned for a period of 12 months with an option to renew or extend before expiry
    • No need to break your FDR to cover emergency cash needs
    Requirements for this loan
    • You must have an FDR with the bank (this can either be in local currency or foreign currency)
    • You must operate a transactional account with Absa
    • Deposit should be made for specified period that matches tenor of overdraft

  • Documents required

    • National ID card/passport/voter's ID or driving license
    • One month's latest payslip for an Absa customer
    • Completed overdraft application form and executed customer agreement
    • Overdraft application letter
    • Bank statements (if required)

Use our personal loan calculator

Need more help?

Call us:
0800750078 (Toll free)
+255 (0)746 882 000 (Network charges apply)

Email us:

talktous@absa.co.tz