Business Overdraft

An overdraft gives your business a fluctuating loan facility that is individually tailored to meet your short- term finance for working capital. As a short-term credit facility on your Business Current Account, your overdraft is a quick and convenient way to free up your cash flow. It allows you to use as much as you need up to your limit and remains available to you when not in use. Interest is charged only on the portion you use.

Some of the benefits

Personalised

Only pay interest for the amount you use

Flexible

Access only when needed

Good terms

Draw and transact directly from your current account so your cash flow is managed in one place

Accessibility

Get money when you need working capital for immediate purchases

What you get

The facility remains available even if you don’t use it (for the agreed period subject to review).
Interest is charged based on utilisation.
Your overdraft cannot be utilised for capital expenditure or the consolidation of debt.
Evaluation principles are based on cash-flow assessment.
Collateral is based on conditions of grant.
Period is 12 months (annual review).

What it costs

Refer to pricing guide/ Call our call centre 8200

How to get it

Visit your nearest Stanbic Bank branch with the following documentation:
Cash-flow projections.
Financial statements.
Bank statements (new customer).
Personal statements (Members/Directors).
If you have been in business for 12 months or more, you can apply for an overdraft facility.

Call 8200 to speak with a consultant

Send an email to [email protected]

Visit your nearest branch

Note: Terms and conditions apply.

What you get
What it costs
How to get it

The facility remains available even if you don’t use it (for the agreed period subject to review).
Interest is charged based on utilisation.
Your overdraft cannot be utilised for capital expenditure or the consolidation of debt.
Evaluation principles are based on cash-flow assessment.
Collateral is based on conditions of grant.
Period is 12 months (annual review).

Refer to pricing guide/ Call our call centre 8200

Visit your nearest Stanbic Bank branch with the following documentation:
Cash-flow projections.
Financial statements.
Bank statements (new customer).
Personal statements (Members/Directors).
If you have been in business for 12 months or more, you can apply for an overdraft facility.