Overdraft Facilities Singapore
Overdraft facilities is versatile and handy cash you have at hand for emergency. With an overdraft facility user, you can repay it in any amount, and when and when the funds are available.
Require more cash than you have on hand for working capital or short-term financing?
We offer a number of short-term financing solutions to boost your liquidity.
Upon redemption, you can withdraw on the facility overdraft account when it is restored, wholly or partially.
Our overdraft facility allows you to withdraw more funds than what you have in your current account, up to an approved limit.
There are no fixed monthly repayment terms, and the monthly payable interest is charged on a daily basis on the amount used. You’ll benefit from
- Flexibility to manage your cash flow
- Convenience to decide how much to use and how much to pay back
- Ready access to funds in times of need
With us, you’ll get short-term working capital financing made simple and friendly, without complicated formula or rigid repayment terms.
It is an unsecured/secured revolving line of credit, which can be used for business operations, standby credit for contingencies and investment.
Any company registered in Singapore can apply for Overdraft facilities.
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Use of Overdraft Facilities:
- Working capital requirements
- Day-to-day business operations