Working Capital

Working Capital

Working Capital

WORKING CAPITAL PRODUCTS

Besides asset financing, your business needs working capital for day-to-day running of your business. There are various products offered by financial institutions for this purpose to help you run your business and these include:

1.Overdraft (OD)

Usage

To meet working capital needs such as payment of salaries, purchases, utilities etc.

Features
  • Made available via current account
  • Interest is calculated on a daily basis on outstanding balance at the end of each business day
  • A commitment fee is charged on the unutilized portion of the facility
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