Business Overdraft
As a short-term credit facility on your Business Current Account, your overdraft is a quick and convenient way to free up your cash flow.
How to get it
What you'll need
- Business registration documents
- Six months’ statements from another bank
- Three years’ financial statements and cash flows
- Accepted collateral includes, but is not limited to, landed property, cash or investments (Treasury Bills) and Bank Guarantee from a reputable bank
- Favourable credit bureau report.
- You may need to meet other conditions or give us more documents subject to specific borrower conditions.
What you get
- Cash when you need it
- You pay interest only on the amount you use
- Interest accrues daily on the outstanding amount and is payable at the end of the month
- Facility is available for use for 12 months and is renewable subject to good performance.
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How to get it
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What you get
What you'll need
- Business registration documents
- Six months’ statements from another bank
- Three years’ financial statements and cash flows
- Accepted collateral includes, but is not limited to, landed property, cash or investments (Treasury Bills) and Bank Guarantee from a reputable bank
- Favourable credit bureau report.
- You may need to meet other conditions or give us more documents subject to specific borrower conditions.
- Cash when you need it
- You pay interest only on the amount you use
- Interest accrues daily on the outstanding amount and is payable at the end of the month
- Facility is available for use for 12 months and is renewable subject to good performance.