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.
Secured personal loan which is available and can be used whenever required
No Equal Monthly Instalments or periodic repayments
Credit protection with all loans
Credit scoring not required
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.