Overdraft Facility

At Nouvobanq we know that borrowing money can be a stressful experience and our friendly staff are on hand to help you work out how we can make an overdraft work for you, and not the other way around.

Our personally assessed borrowing terms are developed to meet the needs of our customers, from small personal accounts to large business operations, and are offered at highly competitive rates.

– Short Term Facility Over 12 months renewable yearly as per client requested.
– Overdraft facility is repayable on demand.
– Commitment fee 0.5% on the total loan facility amount.
– Interest is charge at 3% above PLR which is currently 6.5%.
– Security will be in against tangible security.