For financing funding requirements on fully fluctuating basis and available for short term of up to twelve months and renewable on need basis for current account holders.

Benefits

• Interest is charged on utilization
• Flexible
• Available to all business account holders

Features

• Overdrawn accounts and accounts which exceed their overdraft limit will attract penalty debit interest charges at base rate currently at 19.5% plus 10%
• Accounts overdrawn without an authorized overdraft facility/limit or that exceed their marked limits will attract the penalty debit interest rate
• Overdraft facilities attract interest charges on the utilized amount