Overdraft Facility

A short-term credit allowing customers to withdraw beyond their current account balance for day-to-day operational needs.

👥 Purpose: To cover daily operational cash flow gaps for viable businesses.

💼 Key Features:

• Repayable on demand by the Bank.
• Can be converted to a term loan under specific conditions (e.g., unsatisfactory performance, NBE directives, collateral deterioration).
• Annual review and renewal required.
• Interest is charged on the daily outstanding balance.