Your business needs working capital for the day-to-day running of the business. Generally, the most convenient / flexible form of financing would be an Overdraft (OD) / Cashline-i facility.
Features:
- OD is a revolving loan granted and it is subject to annual review. It is made available to a business customer via a current account, whereby the borrower may withdraw the required amount each time by issuing cheques, as long as the OD limit is not exceeded.
- Interest is calculated on a daily basis based on the balance outstanding at the end of each business day.