Short Term Loans and Overdraft

The division provides both overdrafts and short term loan facilities to cater for working capital requirements. A Nedbank overdraft facility is the ideal solution, providing working capital finance and unlocking cash flow. At times your business needs some cashflow flexibility – while you’re waiting for payments to come in.

• Provides the flexibility to borrow or repay as and when your cashflow allows
• Funds are accessible quickly and easily through a variety of mechanisms
• Calculating debit interest on the daily used amount only.
• Immediate access – as soon as your current account is active, you can apply for an overdraft facility and, once approved and the pre-agreed conditions are met, the facility is made available immediately.

• Corporates

• Latest signed yearend financial accounts
• Latest management accounts including debtors age analysis, creditors age analysis and stock age analysis
• 12 months Cashflow projection
• Business plan
• KYC documentation