Lending
Expanding your business? We offer a range of flexible products to complement your ambitions. Find the Lending solution that's right for you! Be it for Working Capital or Capital Expenditure i.e., through short-term or long-term finance that can support your business interests and ambitions. These offers cut across all sectors and size i.e., from Small & Medium Entrepreneurs, to Commercial and Corporates. We can help!
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Overdraft Facility
Preamble. Sometimes you simply cant avoid going over budget, and thats when it helps to have an overdraft. It’s always there when you need it
Target Segment
- Businessmen/Women
Interest Rate
- 17 - 19% p.a.
Service Charges
- 1.5% Facilitation fee upfront
- 5% for prepayment
- 2.5% Temporary overdraft processing fees
Features and Benefits
- This is short term financing not exceeding 12 months intended to support working capital.
- Finances short term finance needs occurring during the intervals between receipt of proceeds and the payment period in the context of the asset conversion cycle.
- Strictly not for personal consumption and facility can be renewed.
- Maximum lending to a single borrower will be as per prevailing Central Bank Prudential Guidelines
- Price for unauthorized overdraft is 7% above normal interest rate.
- Interest is calculated daily based on the maximum balance used per day.

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