Overdrafts
Access funds even when your savings balance is below zero.
Businesses need a steady cash flow to keep running at optimal levels. Our Overdraft facility enables your business operations to continue without any interruptions.
Features
- Utilization is on a need basis
- Interest payment is on what has been utilized
- May be repaid off at any given time without any penalties
- Is an easy source of stop-gap financing to bridge short term operating cash flow differences.
Requirements
- Copies of identification documents, that is, Memorandum and Articles of Association (for registered companies)
- Certificate of Incorporation (for registered companies)
- Business Registration Certificate
- Identity cards for borrowers who do not have registered businesses
- Identity cards for directors of registered companies and registered businesses
- Bank statements for 6 months, audited accounts for loans above Ksh 5 million
- Resolution to borrow (for registered companies), details of business location and securities to be provided
