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Business Overdraft

An overdraft is a short term borrowing tool of not more than 12 months. This is beneficial for your business when you need easy access to cash, and is usually granted as working capital.

Shaped to fit your business requirements

Get easy access to cash with short-term borrowing of up to 12 months. It’s the kick-start you need to keep your business up and running.

Whether your business needs capital for working capital to expand its existing business, or the finance to acquire vehicles, or plant and machinery, Nedbank Lesotho has the right solution.

Features and benefits

Beneficial for your business when you need easy access to cash.
Can be used as working capital.

What you need to apply

Application Letter.
Security in the form of one of the following:
- Life Cover Policy with a surrender value
- Investment
- Property with a lease
- Surety
- Contracts (if financing against confirmed orders/ contracts) – this may
  have to be ceded to the bank
Registration Documents
Financial Statements
Business Plan with Cashflow projections (for new businesses)

*All loan applications are subject to final credit approval and terms and conditions.

Achieve your business goals with Nedbank’s financing options. Contact your Relationship manager or visit your nearest Nedbank branch to get more out of your banking.