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Business Overdraft

Business Overdraft

An overdraft is a fluctuating loan facility that is individually tailored to meet the needs of customers who require short term finance for working capital purposes, making it the ideal way to manage your cash flow. It is linked to your business account and you can use as much as you need, up to your specified limit

 

 

Some of the benefits

Flexible

Repayment terms are negotiable

Immediate access

The funds are available immediately

Affordable

Interest is paid only on the amount used

Convenient

Facility is available for use for 12 months and is renewable subject to good performance
What you get
  • An ideal way to cover temporary cash flow requirements and short-term working capital needs
  • Cash is available immediately and can be used as needed
  • Interest is paid only on the amount utilised
  • Facility is available for use for 12 months and is renewable subject to good performance.

See general T&Cs

What it costs

Stanbic prime rate +margin

Refer to Pricing Guide

How to get it

Email   [email protected] or visit your nearest Stanbic Bank branch with the following documentation:

  • Cash-flow projections.
  • Financial statements.
  • Bank statements (new customer).
  • Personal statements (Members/Directors).
  • If you have been in business for 12 months or more, you can apply for an overdraft facility.
  • What you get
  • What it costs
  • How to get it
  • An ideal way to cover temporary cash flow requirements and short-term working capital needs
  • Cash is available immediately and can be used as needed
  • Interest is paid only on the amount utilised
  • Facility is available for use for 12 months and is renewable subject to good performance.

See general T&Cs

Stanbic prime rate +margin

Refer to Pricing Guide

Email   [email protected] or visit your nearest Stanbic Bank branch with the following documentation:

  • Cash-flow projections.
  • Financial statements.
  • Bank statements (new customer).
  • Personal statements (Members/Directors).
  • If you have been in business for 12 months or more, you can apply for an overdraft facility.