#1
11th June 2016, 10:14 AM
| |||
| |||
Sbi od
I want to know about the secured Overdraft facility of the SBI so can you please tell me the details and the eligibility for the same
|
#2
11th June 2016, 10:15 AM
| |||
| |||
Re: Sbi od
Hey the SBI provide the secured Overdraft facility to its customers Overdraft facilities against term deposits is to cater to your short-term cash flow requirements. Eligibility Singaporeans, PRs and foreigners of age ≥ 21 years Overdraft facilities granted to 1st party only Acceptable security: SGD/USD term deposits with minimum tenor of 3 months No processing fees Default fee: 2% above overdraft interest rate (min. S$20) on all amounts in excess of approved limit Documents required Application form Demand Promissory note Deed of Security over deposit(s) Letter of approval accepted by borrower(s) |