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Loan and Finance
Overdraft
Access this highly flexible source of funds for your business.
Overdrafts are activated by issuing cheques or other payment instructions to your appropriate account. They can be tracked electronically via Business Internet Banking. Interest is only charges on utilized debit balance. Your relationship manager will design a package, subject to credit approval, that suits the cash-flow needs of your business A revolving credit line with flexible principal repayments
Benefits
- Help to meet your short-term funding needs
- Your funds are available immediately.
- Relieve the pressure of short-term cash needs, allowing your business to grow.
- Interest is calculated on daily balances at a margin over our Base Lending Rate.
Term Loan
A medium or long term general business finance with flexible repayment schedule to meet your business cash flows.
Finance purchases with medium or long term funding. Your relationship manager will design a package, subject to credit approval, with flexible repayment schedules to match the cash flow of your business.
Benefits
- It is good commercial practice to match the term of the loan with the useful life of the asset
- Tailor your repayment schedule up to 7 years
- Fixed monthly installment amount allows you to better plan your finances
- In this way your future cash flow can be more accurately calculated
