Overdraft Facilities Singapore
Require more cash than what you have on hand for working capital or short-term financing?
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 cashflow
- 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 formulae 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.
Use of Facilities:
- Working capital requirements
- Day-to-day business operations