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