Overdraft
Every minute we work to become even better for you.
Your have a current account at NADRA BANK, which you have been using for more than three months? You have earlier taken a business development loan from us and always accurately fulfilled your contractual obligations to the Bank? You know for sure that you will earn more if you are granted easy and immediate access to small loans?
Then, take advantage of the unsecured overdraft offer from NADRA BANK and pay for acquired goods and services even if the charged amount exceeds the balance of your current account.
We offer two types of overdraft:
- Unsecured overdraft based on current account turnovers
- Unsecured overdraft based on current account balance
In the former case, the regularity and volume of incoming payments to your account are taken into account when calculating the overdraft limit. In the latter case, the overdraft limit is calculated on the basis of the balance of your current account.
Why is that beneficial to you?
- The lending limit is recalculated quarterly on the basis of incoming payments to your current account and may be increased through additional agreements.
- When calculating the lending limit, your additional incomes are also taken into account, provided there is a positive history of crediting small and medium business.
- It is possible to complete settlements on the current account even if its balance is below the limit set by the Bank.
- The quarterly limit calculation means less bothering for you as regards signing additional agreements.
- Convenient loan repayment scheme: the principle is repaid at the end of the loan term and loan interest - monthly;
- Overdraft limit calculation is simple and easy;
- Lending decisions are made promptly;
- No need to provide a security;
- Simplified set of documents required for overdraft formalization.
Last update 19.08.2008
