Overdraft
An overdraft is a facility provided to our customers to finance their working capital needs.
Features
- Flexible access to funds where there is a short time delay between meeting general operating expenses and receiving receipts from sales.
Basic Application Requirements
- Copy of the statutory documents (Statutes/Memorandum of Association and Articles of Association, Certificate of registration or a copy of identity card for individuals)
- Financial statements for 3 consecutive years (Balance sheet & Income statement) if it has been in operation. For the start ups we require opening balance sheet and income statement forecasts.
- Cash flow projections for the period of the facility.
- Tax clearance certificate from the RRA no more than three months old
- Current statement and forward projection of stocks
- List of debtors & creditors including an aging analysis
- Proposed security and its valuation report.
For detailed information, visit our nearest Branch or contact:
Jeanne Gasengayire
Tel: + 250788 30 28 86
Callixte NYILINDEKWE
Tel: + 250788 30 42 27
Maurice IYERA
Tel: + 250788 30 24 31
