Overdraft Commercial Loans

Overdraft Commercial Loan  can be used to meet satisfy your short-term cash requirements. Borrowings made against your preauthorized credit limit do not have a specific repayment terms and interest accrues quarterly on the total debt balance.

Features

• Because they involve a revolving line of credit and interest accrues and is paid at quarterly intervals, these loans provide convenience and flexibility in your financial budgeting.
• The outstanding balance can be paid partially or entirely with cheques and note guarantees and/or in cash. This helps minimize the interest burden on your company.