Bank Overdraft

Very short term credit facility designed to meet the Bank customers' urgent day-to-day cash requirements for their business transactions. The facility is renewable based on borrower's credit history with the Bank.

Product features: 

• Loan term is up to a maximum of 12 months
• Commitment fee of 2% is charged
• Repayable through good account deposits
• Interest is linked to the Bank’s prime lending rate and charged on declining balance
• Minimum amount offered is Ushs100,000

Basic Requirements: 
  • Current account with the bank.
  • Application fee of UShs. 15,000.
  • Completed Overdraft facility application form.
  • Collateral for securing the loan.
  • • Financial card required

  • Faster processing speed.
  • Available funds for emergency cash needs.
  • Multiple disbursements allowed.
  • Offers greater financial flexibility.