A secured short-term facility that enables customers with actively-operated accounts to overdraw their account within an approved limited
Features
Maximum tenor 12 months (renewable). Monthly/quarterly clean up cycle requirement.
Benefits
Reliable source of funds to bridge gap for payments to suppliers, purchases or to cater for regular expenses such as salary payments
Target Audience
Registered SMEs/Corporate customers (Sole proprietorship, limited liability companies with a banking relationship of at least six months)
Application Requirements
SME or Corporate Customers (Sole proprietorship, limited liability companies) with a satisfactory banking relationship of at least six months