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CRDB Bank review

Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026

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Our verdict

CRDB Bank is a Tanzanian bank for savers who want cash out at a branch or through agents without tying the money up. Its savings account opens with a TZS 20,000 minimum deposit, and personal loans of TZS 100,000 to TZS 250,000,000 run at 16% with free early repayment.

Key facts

Best for
Easy-access savings and a personal loan from the same Tanzanian bank, with early repayment at no charge.
Rate type
Variable↗
Term
120 months↗
Minimum deposit
TZS 20,000↗
Access terms
Counter withdrawal at CRDB branches, plus 24/7 self-service via ATMs, SimBanking, Internet Banking and CRDB Wakala agents↗
Account kind
Easy access↗
Legal entity
CRDB Bank PLC↗
Headquarters
Tanzania↗
Founded
1996↗
Support channels
Phone, Help-centre, Email↗
Official website
crdbbank.co.tz

Loans

APR
16%↗
Loan amount
TZS 100,000 to TZS 250,000,000↗
Arrangement fee
1.25% loan facility fee plus 0.75% insurance fee on loan amount↗
Funding time
Within 48 working hours↗
Lender type
Direct lender↗
Free early repayment
Yes↗
Eligibility
Employee of the government or selected private institutions, aged 18-60 years, employed under contract or permanent terms↗
Origination fee (%)
1.25%↗
Loan types
Personal, Secured, Student, Payday, Credit-line, Business↗
Features
Same-day funding

Credit cards

Audience
Business

Mortgages

Initial rate
14%↗
Maximum loan to value
90%↗
Purpose
Purchase, Remortgage, Home-equity↗

Facts checked September 26, 2026, 7 sources

Apps and profiles

Get the app
App StoreGoogle Play
Elsewhere
LinkedInX

Pros and cons

Pros

  • Money comes out at a branch counter or around the clock through ATMs, SimBanking, Internet Banking and CRDB Wakala agents.
  • The savings account is easy access and needs only a TZS 20,000 minimum deposit to open.
  • Personal loans of TZS 100,000 to TZS 250,000,000 run over 120 at 16%, with free early repayment and funding in Within 48 working hours.
  • Support runs on phone, help centre and email.

Cons

  • Loans carry a facility fee of 1.25% plus an insurance fee on the loan amount.
  • The savings rate is variable, so the interest on a balance can move.
  • Lending eligibility is limited to government or selected private institution employees on contract or permanent terms.
CRDB Bank

Ready to try CRDB Bank?

Scored 9.4 / 10 by SumCue.

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Who it suits

  • People in Tanzania who want savings they can reach at a counter, an ATM, SimBanking or a CRDB Wakala agent.
  • Government and selected private institution employees who want a personal loan they can clear early without a charge.
  • Borrowers who want personal, secured, student, payday, credit line and business lending under the same bank, plus mortgages at 14% with 90% maximum loan to value.

Who should look elsewhere

  • Savers who want a fixed or notice account, since this one is variable and easy access, while Starling's easy saver takes a £0 minimum deposit.
  • Anyone banking across several markets, as these products serve Tanzania, while Finteres covers euro balances from a €100 minimum deposit.
  • People who want a balance earning interest alongside investments, where eToro's interest on balance account takes $1 to $10,000.

How CRDB Bank compares

Where CRDB Bank is available

Available
Tanzania

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What rate does the savings account pay?+

The savings account pays a variable rate and is an easy access account, so there is no fixed term to sit through. Most savings listings here are also variable, at 69.3%, so the rate is the main thing to watch.

How much do I need to open the account?+

The minimum deposit is TZS 20,000, held in local currency. For comparison, Finteres starts at €100 and Starling's easy saver at £0, so the entry point and the currency both differ by market.

How do I get money out of the account?+

You can withdraw at a CRDB branch counter, and self-service runs around the clock through ATMs, SimBanking, Internet Banking and CRDB Wakala agents. Support runs on phone, help centre and email if a withdrawal or transfer needs attention.

Who runs the account?+

The account is held with CRDB Bank PLC, a bank based in Tanzania that has been trading since 1996. Because this is a bank deposit rather than an investment, the return comes from the rate the bank pays, which is variable.

What does a personal loan cost?+

Loans of TZS 100,000 to TZS 250,000,000 run at 16% over 120, with a facility fee of 1.25% and an insurance fee added to the loan amount. The median across listed lenders is 15.5%, so this sits just above the middle.

Who can borrow?+

Personal loans go to employees of the government or selected private institutions who are adults, on contract or permanent terms. You deal with the bank as a direct lender, and same day funding is listed among the features.

Can I repay a loan early?+

Early repayment is free, so a personal loan can be cleared as soon as the money behind it allows. Funding runs to Within 48 working hours once a loan is agreed, and the rate is 16% on amounts of TZS 100,000 to TZS 250,000,000.

Does the bank offer mortgages?+

Mortgages start at an initial rate of 14%, with 90% maximum loan to value and purposes covering purchase, remortgage and home equity. Savings and lending sit with the same bank, so a deposit account can run alongside a mortgage.

Sources

  • crdbbank.co.tz checked September 26, 2026

    Backs: Headquarters, Support channels

    “Our Subsidiaries Tanzania Burundi Congo CRDB Bank Foundation”

  • crdbbank.co.tz/en checked September 26, 2026

    Backs: Loan types

    “Personal Loan; Jijenge Mortgage Loan; Boom Advance Loan; Salary Advance; Jinasue; SME Loan; MSE Loans”

  • crdbbank.co.tz/en/about-us/group checked September 26, 2026

    Backs: Founded

    “CRDB Bank Group is a trusted and dynamic financial services provider, pioneering inclusive growth since 1996.”

  • crdbbank.co.tz/en/about-us/legal-documents checked September 26, 2026

    Backs: Legal entity

    “CRDB Bank Plc operates the website; www.crdbbank.co.tz”

  • crdbbank.co.tz/en/for-business/ways-to-bank/become-wakala checked September 26, 2026

    Backs: Audience

    “CRDB Wakala for Business - Unlock Profitable Opportunities with CRDB Bank's Agent Network”

  • crdbbank.co.tz/en/for-you/bank-loan/mortgage-loan checked September 26, 2026

    Backs: Initial rate, Maximum loan to value, Purpose

    “Get a Jijenge loan from TZS 5 million to TZS 1 billion, at an affordable interest rate starting from 14% p.a., with a repayment period of up to 20 years.”

  • crdbbank.co.tz/en/for-you/bank-loan/personal-loan checked September 26, 2026

    Backs: Loan amount, APR, Eligibility, Features, Free early repayment, Funding time, Lender type, Arrangement fee, Origination fee (%), Term

    “Personal Loan: The minimum amount is TZS 100,000, and the maximum amount is TZS 250,000,000.”

  • crdbbank.co.tz/en/for-you/personal-banking/savings-account checked September 26, 2026

    Backs: Access terms, Account kind, Minimum deposit, Rate type

    “Customers can withdrawal through CRDB Branches over the counter.”

Compiled from 8 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Headline rate, Deposit protection.

CRDB Bank

CRDB Bank

Easy-access savings and a personal loan from the same Tanzanian bank, with early repayment at no charge.

9.4/10See alternatives