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Bank Overdraft

Centenary Bank provides short-term credit for financing urgent cash requirements.

Product Features

  • Minimum amount offered is UGX 100,000 or its equivalent in USD.
  • The facility period is up to a maximum of 12 months
  • Repayable through good account deposits.
  • Interest is linked to the bank’s prime lending rate and charged on declining balance.

Benefits

  • Faster loan processing speed.
  • Multiple disbursements allowed.
  • Offers greater financial flexibility to the customer.

Requirements

  • Hold a Current account with the bank.
  • Completed overdraft facility application form.
  • Good account turnover.
  • Payment of loan processing fees.
  • Financial Card.
  • Collateral for securing the Overdraft.