Business overdraft

An overdraft is a fluctuating loan facility that is individually tailored to meet your short-term financial needs for working capital purposes. It is linked to your business current account and you can use as much as you need, up to your limit

What does it offer my business?

  • Convenience: once approved the facility is available and can be used whenever required - for the agreed period subject to review
  • Simplicity: the approved limit is loaded on to your Business current account
  • The facility remains available even if you don’t use it and interest is only charged on the utilized amount
  • Affordability: an overdraft is one of the least expensive forms of short-term finance
  • Flexibility:  repayment terms are negotiable with a relationship manager
  • Collateral is based on conditions of grant
  • Period is 12 months (annual review)

Qualifying criteria

  • From start-up or establishment of business or existing businesses
  • Available tangible security
  • Business Current account
  • Clean credit record 

What do I need to apply?

  • Financial information (Annual financial statements, cash flow forecast, management accounts, personal balance sheet)
  • Full Collateral/Security available
  • All legal documentation pertaining to individual/business entity
  • Board Resolution (if a Limited Liability Company) approving the request
  • 6 months Bank Statement (if banking with another financial institution)
  • Business plan (existing and newly established businesses)
  • The customer must be a registered business or limited liability company operating
  • Satisfactory Credit Bureau results
  • Suretyship of guarantors

*Above list is not exhaustive


Insurance coverage that protects businesses from losses due to events that may occur during the normal course of business. There are many types of insurance for businesses including coverage for property damage, legal liability and employee-related risks. Contact our Standard Insurance Brokers on +264 61 2147 for more information

*Terms and conditions apply 

Rates and fees

Competitive interest rates *Terms and conditions apply 

Contact us

Customer care centre on 081 9286 or +264 (0)61 294 2628 or your Relationship Manager