• How it works

    Benefits of this loan
    • Highly competitive interest rate on the ovedraft facility
    • You don't have to sell your bond to raise funds
    • No insurance fee is charged on the facility, as it is secured against government bond
    • Access short-term funds if you have a long-term investment instruments such as government bonds
    • Tenor goes up to 1 year (12 months) with the option of rolling over on maturity of loan
    Requirements for this loan:
    • Overdraft limit is assigned against government bonds only
    • Bonds should still have a maturity period equal to or longer than one year
    • Bonds secured should not be matured

  • Documents required

    What you need to apply at a branch: 
    • Copy of bond certificate issued by Central Bank
    • National ID card/passport/voter's ID or driving license
    • Three months' latest payslips for Non-Absa customer and 1 months' latest payslip for Absa customer
    • Completed overdraft application form
    • 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