Overdraft

OD is a revolving loan granted and is made available to a business customer via a current account, whereby the borrower may withdraw the required amount each time by issuing cheques, as long as the OD limit is not exceeded.

Overdraft account allows the customer to withdraw cash at any time, to meet working capital needs, and can be reused to facilitate capital allocation that broadens the channels of the borrower's financial services; and it is simple and has short processing cycle.

Malaysian-owned company (minimum ownership of 51%),Sole Proprietorship, Partnership and Private Limited Companies

Any reputable enterprises / companies and maintain current account with the bank.

• Letter of application for the facility stating

        a. Type and loan amount required 

        b. Purpose of the loan

        c. Tenure

• Business Registration Form (Form A/B) duly certified as true copy by the Company Secretary

• Certificate of Incorporation (Section 17) duly certified as true copy by the Company Secretary

• Notice of Registration of Company (Section 15) duly certified as true copy by the Company Secretary

• Constitution of a Company (Section 32) certified as true copy by the Company Secretary, if applicable

• Audited accounts for the last 3 years and the latest management account.

• Brief history and background of the company or Company Profile

• Photocopy of Directors & Guarantor’s IC

• Any other related documents as may be required by the bank