Overdraft purpose is to finance fully fluctuating working assets of a business, mainly stocks and trade debtors and not intended to finance permanent working capital, business expenses nor any form of long term assets.
|Loan Amount||Determined by business need|
|Repayment Capacity||Will be assessed on existing Business cash flow and cash flow projections|
|Security||Required, as per collaterals defined in the Group Lending Policy|
|Maximum Tenor||1 year renewable|
|Charges:||As per tariff|
- Once the limit is approved, the overdraft can be utilized at the business’ prerogative without seeking approval at each drawdown.