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
• No insurance fee is charged
• 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