Overdrafts

Need funds yet your account balance is below zero? Apply for an Overdraft from us.

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