Enjoy flexibility with an overdraft facility allowing you to overdraw up to UGX13.5M without collateral
when you need it most
limit up to UGX13.5M within 70% of your net income
through a hassle-free process
Interest is only charged on amount utilized and for the number of days utilized.
Both Unsecured and Secured overdraft facilities are available.
The facility can either be used through a debit card or through a cheque transaction on your current account.
There are no monthly fees or charges on the overdraft facility. Interest charges are levied only when you utilize the overdraft and only for the number of days and the amount that the facility is utilized.
We would normally process your facility in 3 days provided all the documents have been submitted along with the application form.
Yes, you need to bank with us. If you don’t have an account with us, you can apply for the overdraft with a letter of confirmation from your employer that they will transfer your salary to your newly opened Standard Chartered Current Account and we will then set up your salary overdraft.
No, insurance cover is required on this overdraft facility.
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