Overdraft

An overdraft facility allows Corporates to draw funds from their current account up to the overdraft limit approved. It is a short – term usually up to 12 months standby credit facility which usually renewable on an annual basis. 

Benefits:

• You will have access to affordable low cost financing 
• You only pay for what you consume

How to get it:

The following are the necessary requirements to apply

• An existing current account where you will be accessing your overdraft facility from
• Adequate security/collateral to cover the amount sought

Features:

• Maximum allowed period of 12 months
• Secured facility