Bank Overdraft
Product Features
- Minimum amount offered is UShs 100,000.
- Interest is linked to the bank’s prime lending rate and charged on declining balance.
- Facility period is up to a maximum of 12 months.
- Repayable through good account deposits.
Benefits
- Faster processing speed.
- Multiple disbursements allowed.
- Offers greater financial flexibility to the customer.
Requirements
- Current account with the bank.
- Financial Card.
- Completed Overdraft facility application form.
- Collateral for securing the loan.
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Good Account Turnover.
Payment of loan processing fees