Overdraft
A continuing facility which allows customers to overdraw up to an approved limit within a specified tenor
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Overdraft
A continuing facility which allows customers to overdraw up to an approved limit within a specified tenor
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Corporate Customers
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SME Customers
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Retail Customers
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Public Institutions
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EMDOS
Features:
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Up to the bank’s single obligor limit
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Processing fee of 0.25 % flat on facility amount payable upfront
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Interest rate: Base rate + maximum of 8.5%.
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Tenor maximum of 12 months
Benefits:
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An overdraft provides you with cash for unplanned expenses.
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An overdraft avails the customer with instant access to extra cash for emergencies.
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Customers can use as much of their agreed overdraft limit as they need whenever they need it. The total limit is always available to them for use.
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Interest is only paid on the portion of the overdraft used in any given month.
