Overdraft | Namibia Mobile Site


An overdraft is a fluctuating loan facility that is 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 the limit.

Qualifying criteria

Individuals who’ve had a Standard Bank Business current account for 12 months or more.

What do I need to apply?

Visit your nearest Standard Bank branch with the following documentation:

  • Cash-flow projections
  • Financial statements
  • Bank statements (new customer)
  • Personal statements (members/directors)

What does it offer me?

  • 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
  • Affordability: an overdraft is one of the least expensive forms of short-term finance
  • Flexibility: repayment terms are negotiable with a relationship manager
  • The facility remains available even if you don’t use it
  • Interest is charged based on use
  • Evaluation principles are based on cash-flow assessment
  • Collateral is based on conditions of grant
  • Period is 12 months (annual review)

Rates and fees

Interest rate is prime linked and an arrangement fee of 1% of the total value of the facility is charged.