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Overdraft

Get instant access to cash whenever you need it with a revolving credit facility that’s linked to your Capitec Business account.

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What are the benefits?

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  • Maximise your cash flow with access to extra working capital
  • Use it as a short-term financing tool (up to 12 months)
  • Choose your limits
  • Benefit from a competitive interest rate linked to prime
  • Only pay interest on the credit you’ve used
  • No minimum monthly repayment if you stay within the agreed limit
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What can I use the overdraft for?

You can use the facility for anything your business needs, including bridging debtor receipts, managing cash flow, buying stock, and more.

  • A Capitec Business account
  • A minimum of 2 years operating as a business

Depending on the nature and context of the transaction and the amount of financing required by the business, we may require some form of collateral/security, such as:  

  • Personal suretyships of the principal(s)   
  • Bonds over immovable property
  • Pledge and cession of debtors  
  • Investments  
  • Other additional collateral/security may apply  

Depending on the nature of the transaction and the amount of financing needed, we may require some or all of the following:

  • Signed financial information
    • Latest signed annual financial statements
    • Up-to-date management accounts (not older than 3 months)
    • Statement of personal assets and liabilities
    • Statement of personal income and expenditure 
  • Other
    • Most recent 6 months’ bank statements (new clients only)
    • Debtors and Creditors age analysis 
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Business Overdraft