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  3. Business Overdraft

Product Description

Business Overdraft is a credit facility that allows businesses to withdraw more money than they have in their current account, up to an approved limit. It provides short-term liquidity to manage cash flow gaps and meet urgent financial needs.

interest earned annually
Up To 0 %
minimum opening amount
P 0 .00
on interest earned
0 NO TAX

Product Features

  • Overdraft limit based on business needs and creditworthiness
  • Flexible access to funds up to the approved limit
  • Interest charged only on the overdrawn amount
  • Revolving credit facility, with the ability to reuse the limit as funds are repaid

Pricing

  • Origination fee: 1.12% ; Min 465

Entry Requirements

  • Valid business incorporation and registration documents
  • Recent financial statements and records
  • Proof of business operations and cash flow
  • Agreement with BSB on overdraft terms and conditions

Target Market

  • SME clients
  • Commercial clients
  • State-Owned Enterprises (SOEs)
  • Non-Governmental Organizations (NGOs)

Coming Soon

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