Our overdrafts help to provide you with extra money for your working capital requirements in the short term, usually one year but it may be revolving. They are made available on your interest payable current account, therefore when your account swings into credit, you earn interest.

Repayment of our Overdrafts is very flexible and tailor-made to suit your company’s requirements. We remind you a month before the facility expires and renew and or increase it upon your request. Your relationship manager will agree your borrowing limit with you.

The benefits of Overdrafts are numerous:

• They are quick to obtain
• Requires simple documentation
• Renewable annually
• Variable interest rate applied linked to the base rate
• Interest calculated on a daily basis
• Credit interest when your account swings into credit
• Available in other currencies