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Executive overdraft

This is a special facility catered for the personal needs of executives and allows them to overdraw their accounts up to agreed limits.

Features

  • The overdraft limit is 100% of net income and to a maximum of    K5, 000, 000.00.
  • Maximum repayment period of 12 months.
  • The facility will be repaid through salary but other sources of income need to be declared by client.
  • Interest rate will be charged at base rate applicable plus 3%

Benefits

  • Funds are available immediately and one can use as much of their agreed overdraft limit as needed.
  • Interest is only paid on the portion of the OD that is used

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