Overdraft

Overdraft

Ease your trade cycle and cash flow by getting access to a revolving credit line on your current account to finance your business daily operational expenses while cash is locked up in prepayments, stock and debtors. With an approved overdraft limit even if your account has reached zero balance, you may withdraw up to the authorised limit. The overdrawn balance is expected to be covered once the cash locked up in stock and debtors is released as payments.

 

  • Pay interest only when you make use of the overdraft
  • Competitive interest rates available
  • Interest calculated daily on lowest balance and charged monthly
  • Available only under the Bank Scheme