Overdraft Facility
Rate
Power Your Business Daily with T Bank Overdraft Facility
Eligibility
- Individual/whole seller and retailers/civil contractors/entrepreneurs that requires working capital for day-to-day functioning of the business
Quantum
- The maximum LTV is 75% of the collateral value & stock value; however, the loan limit should not exceed the immovable property value.
Tenure
- Maximum of 1 year subject to review/ renewal
Documents Required
- Loan Application form duly filled and signed on all the page.
- Copy of citizenship identity of the applicant and guarantor, if applicable
- Recent passport size photograph of the applicant.
- Copy of ownership certificates of securities offered to the bank
- Property valuation/assessment/estimate certificates
- Copy of Work Order supported by relevant pages of the agreement
- Letter of Undertaking from awarding agencies for routing of RA Bill payment through bank for supply/work order.
- Copy of valid trade license
- Income and expenditure / Profit and Loss and Balance sheet for the last two years (preferably audited, if applicable)
- Projected sales and purchases for the next 12 months
- Letter of Consent for extension of charges (only fixed assets) duly signed by the property owner, if applicable
- For family-owned land, family (household) register issued by Department of Civil Registration and Census, MoHCA and NOC from family members (18 years and above) (if applicable).
- Individual/whole seller and retailers/civil contractors/entrepreneurs that requires working capital for day-to-day functioning of the business
- The maximum LTV is 75% of the collateral value & stock value; however, the loan limit should not exceed the immovable property value.
- Maximum of 1 year subject to review/ renewal
- Loan Application form duly filled and signed on all the page.
- Copy of citizenship identity of the applicant and guarantor, if applicable
- Recent passport size photograph of the applicant.
- Copy of ownership certificates of securities offered to the bank
- Property valuation/assessment/estimate certificates
- Copy of Work Order supported by relevant pages of the agreement
- Letter of Undertaking from awarding agencies for routing of RA Bill payment through bank for supply/work order.
- Copy of valid trade license
- Income and expenditure / Profit and Loss and Balance sheet for the last two years (preferably audited, if applicable)
- Projected sales and purchases for the next 12 months
- Letter of Consent for extension of charges (only fixed assets) duly signed by the property owner, if applicable
- For family-owned land, family (household) register issued by Department of Civil Registration and Census, MoHCA and NOC from family members (18 years and above) (if applicable).
