Whether you have a sudden expense or simply need money, a personal loan can give you the resources you need to make the impossible possible. Explore our bond-secured overdraft, executive loan, or a cash-securd overdaft

Bond secured overdraft

    Overdraft limit of up to 90% on government issued bonds of any value

    Tenor goes up to 1 year (12 months) with the option of rolling over on maturity of loan

    No insurance fee is charged on the facility

    Your bond should still have a maturity period equal to or longer than one year and cannot be matured

    Executive Loan

    Short-term loan tenor of up to 6 years

    Borrow up to TZS400 million

    You must be a Prestige or Premier customer with Absa

    Security must be pledged to the bank before the loan is issued

    Secure the loan with either an FDR, government bond or a property

    Flexible and affordable monthly repayments through an automated STO

    Cash secured overdraft

    Interest rate of 13-14%

    Open an FDR (fixed deposit) account with Absa and we can assign an overdraft limit of up to of 90% of the security pledged as a limit

    Limit is assigned for a period of 12 months with an option to renew or extend before expiry

    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 to apply

      • Valid identity card (driving licence, national ID, passport or voter's ID)
      • Introduction letter from employer, from local government or from lawyer
      • Residential address letter from local government or utility bill receipt
      • Completed account opening application form

    Start your loan application now




    Need more help?

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

    Email us:

    talktous@absa.co.tz