Rate of Interest on Deposits
| Scheme | Savings Bank Deposit | |
|---|---|---|
| Currency | Tanzanian Shilling (TZS) | United States Dollar (USD) |
| Minimum Amount | ||
| With Cheque Book facility | TZS 200,000 | USD 200 |
| Without Cheque Book facility | TZS 50,000 | USD 50 |
| Rate of Interest | 2.50% p.a. | 0.50% p.a. |
| Scheme | Star QIC, Star MIC, Star Recurring Deposit, Star Fixed Deposit | |
|---|---|---|
| Currency | Tanzanian Shilling (TZS) | |
| Minimum Amount | TZS One Million. | |
| Amount in TZS’Mn | Period / % p.a. | |
| 6 months | Over 6 months | |
| Below TZS 10 Million | 5.75% | 6.75% |
| TZS 10 Million & up to TZS 100 Million | 6.25% | 7.25% |
| * Above TZS 100 million please contact Branch Manager for quote. | * Above TZS 100 million please contact Branch Manager for quote. | * Above TZS 100 million please contact Branch Manager for quote. |
| Currency | United States Dollar (USD) | |
|---|---|---|
| Minimum Amount | USD One Thousand. | |
| USD One Thousand | Period / % p.a. | Period / % p.a. |
| 6 months | Over 6 months | |
| Below USD 10,000 | 2.00% | 2.50% |
| USD 10,000 & above | 2.50% | 3.00% |
| Rate of interest | ||
|---|---|---|
| Internal rating (Business Loan a/c) | Facility | Rate of interest (TZS/USD) |
| Bank’s Prime Lending Rate (BPLR) | All credit facilities | TZS : 14.5% p.a. USD : 7.5% p.a. (Subject to change as per ALCO decision from time to time) |
| AAA/OVS1/OVS2 | Partly secured/unsecured | BPLR+3.00% p.a. |
| AAA/OVS1/OVS2 | Min 125% Secured by asset | BPLR+2.00% p.a. |
| AA/OVS3/OVS4 | Partly secured/unsecured | BPLR+3.50% p.a. |
| AA/OVS3/OVS4 | Min 125% Secured by asset | BPLR+2.50% p.a. |
| A/OVS5 | Partly secured/unsecured | BPLR+4.00% p.a. |
| A/OVS5 | Min 125% Secured by asset | BPLR+3.00% p.a. |
| B/OVS6 | Partly secured/unsecured | BPLR+5.00% p.a. |
| B/OVS6 | Min 125% Secured by asset | BPLR+4.00% p.a. |
| All Borrowers | Fully Secured by SBLC | BPLR+1.75% p.a. |
| All Borrowers | Fully Secured by cash margin | BPLR+1.25% p.a. |
| All Borrowers | 100% Secured by Sovereign/PSU guarantee or Sovereign/PSU is borrower | BPLR+1.25% p.a. |
| Negotiation of Bills under LC on whom exposure limit is available | Secured by Bank | Upto 90 day: BPLR+1% p.a. Over 90 day:BPLR+2% p.a. |
| Personal Loan | Secured/Unsecured | USD-BPLR+3% p.a TZS-BPLR+4% p.a |
| Vehicle Loan/Loan against Property/Housing Loan | Secured/Unsecured | USD-BPLR+2% p.a TZS-BPLR+3% p.a |
| Loan against deposit | Secured | 2% over Deposit rate |
| Staff Loan | Secured/Unsecured | As per scheme. |
| Temporary Overdraft | Secure/Partly Secured/Unsecured | BPLR+5.00% p.a. |
Penal Interest
- a) 3% p.a. over Regular RoI for non-compliance with terms of sanction.
- b) 5% p.a. over Regular RoI for overdrawing/ excess drawings due to nonpayment of interest/ instalment/charges etc.
- c) The penal interest to be charged on the entire outstanding loan amount.
| Temporary Draft | ||
|---|---|---|
| (7.5% over PLR ) | USD 14.5% P.a. | TZS 21% P.a. |
Temporary Over limit
- 2% p.a. over Regular RoI
Loan against TDR in same currency
- 3% p.a. over RoI on TDR
Loan against TDR in cross currency
- USD-7% p.a. (PLR)
- TZS-15% p.a.(PLR+1%)
Note:
- Fully Secured by cash margin means 100% margin in case of same currency and 115% margin in case of cross currency.
- Fully Secured by SBLC means Minimum 100% of loan amount coverage by SBLC of Bank on which exposure limit is available.
OUR EXCHANGE RATE
LATEST NEWS
- Dear Esteemed Customers we are pleased to inform you that our SMS alert facility for our account holders is now Free of charge.Kindly contact our branches for details and activation
- 02/08/2012 We are happy to announce that business hours of our Zanaki street Branch have been extended up to 4.00pm from Monday up to Friday
