Overdraft Facility

An Overdraft is a flexible credit line linked to your business current account, giving you access to extra funds whenever cash flow runs tight.

Key Features:
  • Renewable yearly with the bank
  • Limit usually based on revenue & collateral strength
  • Interest charged only on amount utilized
  • Can be secured (property/cash) or unsecured (case-by-case)
Best For:
  • Covering short-term working capital needs
  • Paying suppliers while waiting for customer payments
  • Seasonal sales fluctuations

Why Choose It:

Pay interest only on what you use

Quick access to funds without reapplying for loans

Effective tool for managing daily cash flow