Overdraft

An unstructured loan for temporary or bridging requirements, useful for working capital.

Features and benefits

  • Fluctuating facility with interest charges based on utilization.
  • Can be used for Working capital / Bridging finance
  • The minimum loan amount is M50,000 and maximum not to exceed 10% of turnover
  • The account can be linked to electronic channels
  • Not to be utilized for capital expenditure or consolidation of debt.

Requirements

  • Cash-flow projections
  • Financial Statements
  • Bank Statements (new customer)
  • Personal Statements (Members/Directors).

How to apply

Enquire from a Business Banker or your Relationship Manager.

Customer care

Tel: (+266) 22212000

Email: lesothoservicecentre@stanbic.com