Business Overdraft
Ideal as a short-term credit facility, you can access funds whenever you need it and only pay interest on the outstanding balance. All you need to access your Overdraft is a Business Current Account. Pay as you earn.
R
2000
Min loan amount
Recurring
Months to pay
Personalised
Interest rate
Some of the benefits
24/7 Access
Access funds whenever you need it from a Business Overdraft that is linked to your current account
Affordable repayments
Only pay interest on the amount of credit you’ve used during the month
Apply online
Get quick access to working capital by applying online via Internet Banking
No fuss
Avoid minimum monthly repayments with full settlement as money enters your account
Ready to move to Standard Bank?
Open your Business Current Account with people who are serious about where your business is going.
What you get
- Apply for a Business Overdraft as a quick cashflow management tool for your business
- Withdraw funds straight from your Business Current Account
- Get fast access to additional funds in between payments and collections in case of unforeseen circumstances
- A short-term lending solution that’s available whenever you need it
See T&Cs for Business Lending Juristic in NCA
See T&Cs for Business Lending Juristic outside NCA
See T&Cs for Business Lending Natural In NCA
How it works
- You need a Standard Bank Business Current Account to qualify for a Business Overdraft
- Overdraft limits are based on your needs and affordability
- You can withdraw funds straight from your account and only pay interest on the balance used
- The Overdraft will be repaid as money enters your account
- Your Overdraft is payable on demand and reviewed every year
What it costs
- No minimum monthly repayments are necessary
- You only pay interest on the amount you’ve used during the month
- Monthly service fee: R69
- Once-off initiation fee: 1.26% of your approved limit
- Personalised interest rate
How to get it
Apply on Online Banking/ Online banking for Business:
- Sign in to Online Banking/ Online Banking for Business
- Select the “Borrow” tab
- Complete the affordability assessment and follow the simple steps
- If your Overdraft has been approved, you will receive a final offer
- Accept the offer
Or
- Select “Manage” on your transactional account on your dashboard
- Select “Overdraft Limit”, then click “Continue” and follow the prompts
Or
- Click “Transact” on your Online Banking home screen
- Select “Manage” then click on “Overdraft Limit”
- Follow the prompts to unlock your overdraft facility
Or
- Click "Profile & Settings", select 'Overdraft Limit'
- Click "Continue" and follow the prompts
Apply on the Banking App:
- Sign in and tap on your transactional account widget
- Scroll down until you see the Overdraft tile (Only visible if you qualify)
- Click “Apply” and follow the steps
- Accept your offer
Or
- Speak to your relationship manager
- Email us
- Call us on 0860 109 075
- Or speak to us at your nearest branch
How to increase limit
How to increase your limit on Online Banking:
- Sign into your Online Banking profile
- Navigate to the “Transact” tile and select “Manage”
How to increase your limit on the Banking App:
- Sign into your Banking App
- Tap on your Business transactional account widget
- Scroll down until you see the Overdraft tile
- Click “Increase limit” and follow the steps
Approval is subject to credit checks and Financial Intelligence Centre Act (FICA) requirements.
-
What you get
-
How it works
-
What it costs
-
How to get it
-
How to increase limit
- Apply for a Business Overdraft as a quick cashflow management tool for your business
- Withdraw funds straight from your Business Current Account
- Get fast access to additional funds in between payments and collections in case of unforeseen circumstances
- A short-term lending solution that’s available whenever you need it
See T&Cs for Business Lending Juristic in NCA
See T&Cs for Business Lending Juristic outside NCA
See T&Cs for Business Lending Natural In NCA
- You need a Standard Bank Business Current Account to qualify for a Business Overdraft
- Overdraft limits are based on your needs and affordability
- You can withdraw funds straight from your account and only pay interest on the balance used
- The Overdraft will be repaid as money enters your account
- Your Overdraft is payable on demand and reviewed every year
- No minimum monthly repayments are necessary
- You only pay interest on the amount you’ve used during the month
- Monthly service fee: R69
- Once-off initiation fee: 1.26% of your approved limit
- Personalised interest rate
Apply on Online Banking/ Online banking for Business:
- Sign in to Online Banking/ Online Banking for Business
- Select the “Borrow” tab
- Complete the affordability assessment and follow the simple steps
- If your Overdraft has been approved, you will receive a final offer
- Accept the offer
Or
- Select “Manage” on your transactional account on your dashboard
- Select “Overdraft Limit”, then click “Continue” and follow the prompts
Or
- Click “Transact” on your Online Banking home screen
- Select “Manage” then click on “Overdraft Limit”
- Follow the prompts to unlock your overdraft facility
Or
- Click "Profile & Settings", select 'Overdraft Limit'
- Click "Continue" and follow the prompts
Apply on the Banking App:
- Sign in and tap on your transactional account widget
- Scroll down until you see the Overdraft tile (Only visible if you qualify)
- Click “Apply” and follow the steps
- Accept your offer
Or
- Speak to your relationship manager
- Email us
- Call us on 0860 109 075
- Or speak to us at your nearest branch
How to increase your limit on Online Banking:
- Sign into your Online Banking profile
- Navigate to the “Transact” tile and select “Manage”
How to increase your limit on the Banking App:
- Sign into your Banking App
- Tap on your Business transactional account widget
- Scroll down until you see the Overdraft tile
- Click “Increase limit” and follow the steps
Approval is subject to credit checks and Financial Intelligence Centre Act (FICA) requirements.
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