Celebrating reasons to believe in Africa reasons to believe in Africa
Nigeria
Sign in

Overdraft

Overdraft

Make payments directly from your business current account and manage your cash flow with a business overdraft facility

How to get it
  • Application form
  • The CV of each member of the management team i.e. management profile
  • Company profile
  • A valid means of identification of each director and signatory (voter’s card, international passport or a driver's license)
  • The purpose of the facility
  • 3-year financial statements of the business, including an income statement, balance sheet and cash flow statements (where available)
  • Personal statements of assets and liabilities of all the partners, members or directors
  • A cashflow forecast showing the impact of the facility and repayment capabilities
  • Bank account statements for the last 12 months
what it costs
  • Only pay interest on the amount you use
  • No account fees
  • Competitive interest rates
What you get
  • A convenient way to manage cashflow in the event of shortfalls
  • A flexible form of credit which means you can use the funds at any time during the agreed overdraft term.
  • You pay interest only on funds utilized.
  • Up to 12  months to repay your overdraft facility
  • Preferred rates on business insurance products
  • Access to our 24 hours business support helpline
  • Full e-banking options, which include internet, mobile and USSD banking
     
  • How to get it
  • what it costs
  • What you get
  • Application form
  • The CV of each member of the management team i.e. management profile
  • Company profile
  • A valid means of identification of each director and signatory (voter’s card, international passport or a driver's license)
  • The purpose of the facility
  • 3-year financial statements of the business, including an income statement, balance sheet and cash flow statements (where available)
  • Personal statements of assets and liabilities of all the partners, members or directors
  • A cashflow forecast showing the impact of the facility and repayment capabilities
  • Bank account statements for the last 12 months
  • Only pay interest on the amount you use
  • No account fees
  • Competitive interest rates
  • A convenient way to manage cashflow in the event of shortfalls
  • A flexible form of credit which means you can use the funds at any time during the agreed overdraft term.
  • You pay interest only on funds utilized.
  • Up to 12  months to repay your overdraft facility
  • Preferred rates on business insurance products
  • Access to our 24 hours business support helpline
  • Full e-banking options, which include internet, mobile and USSD banking