Cash Secured Overdraft

Key Facts

Cash Secured Overdraft

For our customers who have short term borrowing needs up to one year, can borrow against cash held in their fixed deposit accounts/Treasury Bills with Matro Bank Intl . You can spread the repayments from 2 to 12 months. While your funds are held in investment earning income; you will still have access to a credit line to run their businesses.

Blue Arrow - Bullet Secured personal loan which is available and can be used whenever required
Blue Arrow - Bullet No Equal Monthly Instalments or periodic repayments
Blue Arrow - Bullet Credit protection with all loans
Blue Arrow - Bullet Credit scoring not required
Blue Arrow - Bullet Up to 90% of security held in investment available for an Overdraft.

Interest Rate

The interest charged on the overdraft is dependent on the current 91 day Treasury Bill Rate.

Who can apply?

Applicants should fall within the age limits of 21 and 60 years of age at the time of OD expiry.

How to apply

Visit your nearest Matro Bank Intl Bank branch and talk to one of our Personal Bankers today.