Overdrafts

Overview

A pre-arranged Overdraft provides an established line of credit on a customer’s operating account for a short period, with interest charged at a variable rate.

Businesses will benefit from protection against anticipated cash shortfalls, when they may be required to make payments before sufficient revenues are available.

Next steps:

Contact your Relationship Manager
Call us on (345) 949 - 7755

Key features and benefits

Availability of financing for short-term needs (1 year and then renewable)
Payments can be flexible
Flexible terms
Variable interest rate charged daily to checking account, linked to the HSBC Bank Base Lending Rate.

What you should know before you apply

A spread reflective of the risk, size and term of the loan is added to HSBC Bank Base Lending Rate.
A service fee of a maximum of 2% of the face value of the loan is charged.