Corporate > Loan Schemes / Credit Facilities > Combined Limit for Overdraft and Letters or Credit

Combined Limit for overdraft and Letters of Credit financing
working capital and trade activities needs.

Major characteristics:

  • Limit amount is according to your corporate borrowing needs and financial capabilities. Limit amount could fluctuate to address seasonal requirements.
  • You can pay your utility bills (EAC, CYTA, etc) by direct debits.
  • Monthly statement to monitor your account.
  • Very competitive interest rates depending on the sector of the economy, form of security to be obtained and overall existing banking relationship if any.
  • Shareholders guarantees are usually obtained. Any other form of security (tangible/intangible) may be obtained at the discretion of the Bank.

 

Commissions & Charges

How to Apply
If you want to apply for a Combined Limit for Overdraft call our Customer Teleservice Centre or visit your nearest branch. If you are an ibank subscriber you can make your application online.

If you know the amount you would like, use your Loan Calculator

Important credit information
Interest rates may vary. All applications are subject to evaluation.