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Overdraft

Looking to finance your working capital requirements, then apply for an Overdraft facility today. It allows you to continue withdrawing money even if the account has no funds in it.

Overdraft facilities are limited to 1 year renewable. 

Features

  • Flexibility – The customer can draw as little or as much of the overdraft facility as it needs from time to time, so long as the limit is not exceeded.
  • Low cost – Since interest is charged on the overdrawn balance on a day to day basis, the cost of borrowing is minimized.
  • It improves the customers’ liquidity position.
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