Business Overdraft

Secured Business Overdraft (with collateral) and Unsecured Business Overdraft (without collateral) are the two types of Business Overdraft facility that will allow you to utilize monies from your bank account event if it has insufficient funds in it. You can have ready access to cash when it is needed to support daily operations or as a contingency fund on standby.

It has no fixed monthly repayment terms and interest charged only when the facility is utilized.

Usually, the collateral used are Fixed Deposits or Commercial/Residential Property.