Business Overdrafts

When you need a quick fix to the unexpected expenses your business incurs, worry not. Our business overdrafts are a convenient, short term credit facility with competitive interest rates ideal for unforeseen situations!


This is a credit facility targeting Small and Medium Enterprises plus Corporate entities to meet their working capital needs or to fund their temporary cash shortfalls.


a. 1-12 months loan tenor, facility paid up at the end of the tenor
b. Can be drawn anytime up to the approved limit
c. Collateral that can be pledged includes Immovable collateral – Land and Buildings (Loan To Value Ratio -80% of the forced sale value), CIB Fixed Deposits (Loan To Value Ratio-90%) and Government Securities (Treasury bills and Bonds; Loan To Value Ratio -80%)


a. Registered Small and Medium Enterprises with good account turnover.
b. Applicant with existing (good repayment record/performance) credit history with Bank
c. Applicant should have opened an account with the Bank
d. Business should have been in existence for at least 2 years


a. Audited accounts for the last three immediate years.
b. Management accounts/ reports for the period not covered by the audit
c. Cash flow forecasts for the next one year.
d. Project proposal (if applicable).
e. Up to date certified memorandum and Articles of Association, Resolution to allow borrowing.
f. Copy of the securities documents.
g. Certificate of incorporation & trading licenses.
h. VAT and/ Tin certificates.
i. Recent annual returns
j. Copies of valid ID for the authorized signatories and Directors.
k. Registered resolution to borrow
l. Bank account statement for the last six months.