Working Capital- Overdraft Facility & CC

You can manage your working capital needs and your business growth and expansion plans with this facility. The involves a line of cash credit or overdraft.

Frequently Asked Questions

  • Provides a buffer for unexpected expenses or emergencies.
  • Prevents declined transactions or bounced checks.
  • Offers flexibility in managing cash flow.

You can repay the overdraft by depositing funds into your account, either in a lump sum or through regular payments. The bank may automatically deduct repayments from your account if you’ve set up an arrangement.

No, an overdraft facility is different from a loan. With an overdraft, you have ongoing access to funds up to a certain limit, whereas a loan provides a lump sum of money that is typically repaid over a fixed period with interest.

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