Business Overdraft
Overdraft facility is a short-term financing tool designed for all the clients who demand short-term funds to cover the liquidity needs on a revolving basis.The target group: Includes existing credit customers with arrears less than 30 days, new credit customers with minimum 2-years existing as operational customers at BKT or new potential customer with good financial positions.
General Conditions:
- Loan Maturity - Maximum 12 months (Renewable upon Bank Approval Authorities).
- Maximum Amount - Up to 40% of annual credits and max 30% of annual turnover. In cases where the customer has only Overdraft in BKT, the maximum limit can go up to 40% of the annual turnover.
- Method of payment - Monthly interest payments and principal payment at maturity.
- The guarantee used is the real estate mortgage, etc.