Overdrafts are extended to corporate customers, Business Banking customers, Institutional customers, professional firms and organisations to enable them meet their day to day business obligations.

Main Features

• Short term financing for up to 12 months.
  
• Interest is charged only on the amount utilized.
  
• May be in Kenya shilling or any other major world currencies such as US Dollars, sterling pounds and Euro.
  

Advantages

• 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.