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

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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