Overdraft
Facility
Bridge short-term cash-flow gaps for individuals, SMEs and corporates — fast, flexible credit for times of lean cash flow.
Lending is subject to approval. Fees and charges are reviewed annually. Ts&Cs apply.
Key Features & Benefits
- Loan amount must be maximum 60% of collateral valuation by Bank approved valuers.
- Collateralized by property with title documentation
- Minimum of three months original bank statements with bank stamps (no Mini statements)
- Applicants are required to have a Centenary Bank Limited account for at least 3 months
- Loan amount can be above MWK100,000,000
Transparent pricing
Rates & Charges
| Detail | Information |
|---|---|
| Term | 12 months |
| Amount | Above K85,000 |
| Interest Rate | Base (25.10%) + 14.90% (up to a maximum of 40.00%) |
| Insurance | Credit Life Insurance mandatory |
Am I eligible?
Eligibility
- Borrower must have had an account with the Bank for at least three months
- Strong financial position to support the exposure being sought
- Tangible security
Requirements
- Landed property (collateral valuation by bank-approved valuers must set the loan amount at maximum 60% of the property value)
- Letter of Undertaking from employer
- Cash cover
Required Documents
- Completed credit information request form
- Board Resolution (For Corporates)
- Latest Management Accounts
- Audited Financial Statements
- Projected Cash Flows
- Aged Debtors Analysis
- Credit Reference Bureau Report
- Cash Cover
Locate a Branch
Find your preferred Branch easily. Just enter your location and we will show you the nearest outlet!
Plan your repayments
Loan Calculator
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Min 85,000 · Max 1,700,000
%
Indicative; the actual rate depends on your credit assessment.
Min 12 mo · Max 12 mo
Total Payment
01234567890123456789,012345678901234567890123456789 /-
- Total Interest Payable
- 11,945
- Monthly Installment
- 8,079
- Term
- 12 months
Illustration only. Actual repayments depend on credit assessment, fees, and prevailing rates. Subject to Centenary Bank Terms & Conditions.