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Product Guide: Mercantile Business Account Overdraft

Business Bank Account Overdraft

Comparison Overview:

  • Product: Business Bank Account Overdraft
  • Arrangement Fees: ?
  • Monthly Maintenance Fees: R57
  • Interest: On Application
  • Unauthorised borrowing: ?
  • Professional Advice: Yes

Product Overview

Business Bank Account Overdraft is a credit facility linked to your business bank account can help you manage your cash flow and working capital requirements more effectively. This overdraft option gives you easy access to additional funds for unforeseen circumstances. It’s a prime-linked revolving facility offered at competitive interest rates.

Key features and benefits:

  • Revolving facility:  Enjoy the benefits of a revolving facility, reviewed annually  
  • Instant access:  Avoid delays and enjoy instant access to additional funds, whenever you need it
  • Tailored limits:  Discuss your unique requirements with your Business Manager to establish suitable borrowing limits
  • Interest:  Prime-linked rate of interest, calculated daily and charged to your account on a monthly basis
  • Cash flow:  Maximise your cash flow by being able to access extra working capital when you need it most
  • Competitive interest rates:  Benefit from an attractive interest rate - only pay interest on funds used and not the full facility available to you.