A line of credit allowing you to draw on your account up to an approved limit. An overdraft is designed to meet your short term or unexpected cash flow needs, as well as providing for everyday transactional needs in the one account.
No regular principal repayments are required. You repay the debit balance when your cash flow permits.
- Minimum balance - K50,000
- Monthly interest payments
- Variable interest rate
- Convenience of having working capital needs and transactional needs in one account
- Highly flexible facility to meet the needs of your business
- No set regular principal repayments, make repayments as and when your business likes
- Accessed by cheque or Internet
For further information please speak with your Relationship Manager or call BSP Corporate Banking toll free on 180 1100 or +675 305 7900