FEATURES
Strengthen Your Cash Flow with a Secured Overdraft Facility
Maintain smooth cash flow with the CIB Secured Overdraft—a short-term facility
tied to your current account.
Loan Amount
Minimum and maximum based on serviceability
Tenor
Up to 12 months, renewable
Security
As per CIB Credit Risk Policy; CGS/ATI/AGF guarantee up to 50% accepted
Repayment
Through credits made into the overdraft account
Limit
Up to 25% of annual turnover, or within business cash cycle (whichever is shorter)
Account conduct
Max 5 unpaid items in 6 months; max 3 unauthorized excess drawings in 6 months
BENEFITS
The lending benefits
- Reliable working capital buffer
- Interest charged only on utilized amounts
- Renewable annually to maintain continuity