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

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.

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 

Business Overdraft