This is a special facility catered for the personal needs of executives and allows them to overdraw their accounts up to agreed limits.

Features

• The overdraft limit is 100% of net income and to a maximum of    K5, 000, 000.00.
• Maximum repayment period of 12 months.
• The facility will be repaid through salary but other sources of income need to be declared by client.
• Interest rate will be charged at base rate applicable plus 3%

Benefits

• Funds are available immediately and one can use as much of their agreed overdraft limit as needed.
• Interest is only paid on the portion of the OD that is used