Express Overdraft Facility
The purpose of the Express Overdraft facility is to provide short-term financing for bank’s operating Micro/SME customers with a minimum 2 years of transaction history. This allows them to utilize a small Overdraft limit to address short-term liquidity needs, including purposes such as:- Inventory purchase
- Utility payment
- Tax payment, insurance payment
- Salary payment or
- Any other payments related to operational expenses.
General Conditions:
Loan Maturity - The term is 12 months, with the bank having the option to renew it within the specified term.Loan Amount:
For Micro customer segment: Min. 500,000 ALL / 4,000 EUR - Max. 1,000,000 ALL / 8,000 EUR
For SME Customer Segment: Min. 500,000 ALL / 4,000 EUR - Max. 2,000,000 ALL / 15,000 EUR
Collateral: No Collateral Requirement