Our Star Overdrafts facility is a revolving credit assistance extended to the Corporate (Non-individual) customers, for business purposes. This facility enables our customers to manage their funds in most efficient manner and usage of credit facility as and when required. The key futures of the product are:
Who can Open?
|"Corporate entities like Proprietorship Firms, Partnership Firms, Limited Companies, Associations, Trusts, Societies etc."|
|Purpose of Account||Business Purposes/working capital needs|
|Account to be opened in (currencies)||ZAR|
|Interest Rate(s)||Linked to prevailing Prime overdraft rate|
|Interest Rate(s) for Over limits/WAE||2% Over & above Normal Rate of interest|
|Provision for earmarking of limits for other facilities||Yes|