Loans Indexed to Interbank Rate

Loans Indexed to Interbank Rate are similar to the spot loans provided except that they must be repaid the next business day and are intended to meet your need for working capital. The interest rate charged on loans indexed to interbank rate is indexed to the interbank market rate and changes from day to day. Interest may be paid on a daily, monthly, or quarterly basis.

Features

• The rate of interest on overnight loans is usually lower than that charged on other credit products.