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Introduction
Overdraft is an unsecured or secured credit facility used for your daily business operations.
Product Features
1) No fixed term of repayment
2) Pay interest on amount utilised
3) Operates on revolving basis
Eligible Applicants
Applicable to all business entities registered in Singapore including sole proprietors, partnerships, private limited companies and public companies.
Documents Required
1) Application form for Banking Facilities (can be obtained from the Bank)
2) Company and Business Profile
3) Certificate of Incorporation (if any)
4) Memorandum and Articles of Association, Directors’ Resolution
5) Past 3 years audited financial reports and latest financial reports
6) Income Tax Notice of Assessment for the last 2 years of sole proprietor/partners/directors
7) Detailed information on mortgaged assets and/or guarantors
8) Other relevant documents that may be required by the Bank from time to time
Application Procedures
To apply for Overdraft, please contact our Corporate Banking Department @ 6412 8529.
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