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Your needs

Business overdraft

An overdraft facility allows you to overdraw your cheque account up to an approved limit.


Features

  • The overdraft facility is granted for a fixed period of time and you must repay the total amount outstanding at the end of that period
  • Your overdraft limit is reviewed every year
  • The interest rate that you are charged is negotiable
  • Interest is calculated and payable on the daily balance, which means you are only charged on the facility you actually used

Benefits

  • An overdraft takes care of your short-term cash flow needs by extending a credit limit on your current account
  • It can be used to manage cash flow, your projects and seasonality in your business

Qualifying criteria

  • The minimum security requirement is the personal suretyship of the principal

 

Contact Support Centre
  • Call us on
    0860 040 302
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