Overdraft
Make payments directly from your business current account and manage your cash flow with a business overdraft facility
How To Get It
What you’ll need
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Business Registration documents
-
Bank statements from other banks
-
Financial statement and cash flows
-
Accepted collateral includes but not limited to: Tittle Deed Property, Cash or Investments ( Treasury Bills) and Bank Guarantee from a reputable bank
-
Favorable Credit Bureau report
-
Other requirements / documents may be requested subject to specific borrower conditions
What You Get
-
Flexibility on use of funds – cash available when you need it
-
Interest is paid only on the utilized portion of the overdraft
-
Interest accrues daily on outstanding amount and payable at the end of the month
-
Facility is available for use of 12 months and renewable subject to good performance
-
How To Get It
-
What You Get
What you’ll need
-
Business Registration documents
-
Bank statements from other banks
-
Financial statement and cash flows
-
Accepted collateral includes but not limited to: Tittle Deed Property, Cash or Investments ( Treasury Bills) and Bank Guarantee from a reputable bank
-
Favorable Credit Bureau report
-
Other requirements / documents may be requested subject to specific borrower conditions
-
Flexibility on use of funds – cash available when you need it
-
Interest is paid only on the utilized portion of the overdraft
-
Interest accrues daily on outstanding amount and payable at the end of the month
-
Facility is available for use of 12 months and renewable subject to good performance