Business Overdraft
The Business Overdraft is an overdraft facility that provides businesses with up to S$200,000 of standby credit line. It is the only business overdraft to be assessed on bank statements.
Key Product Features
- High loan amount of up to S$200,000
- No collateral needed - totally unsecured
- Approval in two working days
- Service Guarantee (We'll pay customers S$50 for each day of delay, max. S$500)
- Only 6 months bank statements, no financial statements needed
SGD Business Overdraft Current Account
| Balance Tier | Interest Rates |
| S$1-S$50,000 | 0.018% p.a. |
| S$50,001-S$500,000 | 0.018% p.a. |
| S$500,001-S$2,000.000 | 0.108% p.a. |
| S$2,000.001 or above | 0.108% p.a. |
These rates are effective from 16 February 2011
Terms and Conditions apply.
Suitable For
- Sole Proprietors / Partnerships / Private Limited Companies
- Minimum 3 years of business operations
- Customers who want a standby credit line
Documents Needed
- Photocopies of Sole Proprietors' / Partners' / Principals' Identity Cards / Passports
- Company's operating bank current account statements for the past 6 months
- Business Instalment Loan Application Form
