Overdraft

Overdaft (secured)

The secured overdraft is a loan type designed to finance cashflow gap or support working capital requirements of businesses at competitive interest rates. Maximum tenor is12 months. Acceptable collaterals are;

  • Legal Mortgage over property in acceptable locations
  • Treasury Bills/Fixed Term Deposit.
  • Cash
  • Overdaft (temporary)

    This is a temporary or short-term overdraft facility for businesses engaged in fast moving and non-perishable goods. Maximum tenor is 30days. No collateral is required