Overdraft is a form of loan in which a bank allows a customer to write a cheque and cash it within a certain limit.
Product functions and features
There are no restriction on the use of money, and the repayment depends on the recovery of the borrower’s working capital.
2. Applicable objects and basic conditions
Applicable customer scope
Suitable for industrial and commercial customers who need working capital or spare cash.
The enterprise is in good condition and repayment ability is acceptable to the bank. The person in charge has integrity and financial affordability.
