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Bank of India Tanzania
Currency USD
Buying Rates
2290
Selling Rates
2330
Currency GBP/TZS
Buying Rates
--
Selling Rates
3197
Currency EUR/TZS
Buying Rates
Selling Rates
2712
Currency KSH/TZS
Buying Rates
Selling Rates
21.09
Currency USD/INR
Buying Rates
Selling Rates
74.60
Currency INR/TZS
Buying Rates
Selling Rates
31.25
| 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. |
|||
| Currency | United States Dollar (USD) | ||
| Minimum Amount | USD One Thousand. | ||
| Amount in USD |
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% p.a. USD : 7% p.a. (Subject to change as per ALCO decision from time to time) |
|
| AAA/OVS1/OVS2 | Partly secured/unsecured | BPLR+3.00% p.a. | |
| Min 125% Secured by asset | BPLR+2.00% p.a. | ||
| AA/OVS3/OVS4 | Partly secured/unsecured | BPLR+3.50% p.a. | |
| Min 125% Secured by asset | BPLR+2.50% p.a. | ||
| A/OVS5 | Partly secured/unsecured | BPLR+4.00% p.a. | |
| Min 125% Secured by asset | BPLR+3.00% p.a. | ||
| B/OVS6 | Partly secured/unsecured | BPLR+5.00% p.a. | |
| Min 125% Secured by asset | BPLR+4.00% p.a. | ||
| All Borrowers | Fully Secured by SBLC | BPLR+1.75% p.a. | |
| Fully Secured by cash margin | BPLR+1.25% p.a. | ||
| 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% over PLR ) | USD 14% 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: