Overdraft
Instant access to additional funds when you need them the most.
M16,000
Minimum income
12 months
Months to repay
Some of the benefits
Affordable
Monthly repayments of interest only
Personalised
Ability to renew limit every 12 months
Reduce limits
Ability to reduce limit slowly monthly through reduction orders
How it works
- Limit is loaded on your account and can be used in totality with repayment only as interest monthly
- If the full limit is repaid monthly, the same funds can be reused almost immediately to help manage your financials
What you can do
- Repay limit at anytime
- Reuse funds paid at anytime
- Renew limit annually
- Increase limit annually as your income also increases
What it costs
- No minimum monthly repayments are necessary, as the facility is topped up when your income is deposited into your account
- You only pay interest on the amount you’ve used during the month
- Segment based management fee
- Segment based Interest rates
How to get it
- Get in touch with your relationship manager to guide you on the steps and documentation required in getting your overdraft
- You can also call the Standard Lesotho Bank Contact Center for guidance on 8002 2221, or 2221 2221
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How it works
-
What you can do
-
What it costs
-
How to get it
- Limit is loaded on your account and can be used in totality with repayment only as interest monthly
- If the full limit is repaid monthly, the same funds can be reused almost immediately to help manage your financials
- Repay limit at anytime
- Reuse funds paid at anytime
- Renew limit annually
- Increase limit annually as your income also increases
- No minimum monthly repayments are necessary, as the facility is topped up when your income is deposited into your account
- You only pay interest on the amount you’ve used during the month
- Segment based management fee
- Segment based Interest rates
- Get in touch with your relationship manager to guide you on the steps and documentation required in getting your overdraft
- You can also call the Standard Lesotho Bank Contact Center for guidance on 8002 2221, or 2221 2221