South Africa
Overdraft
Get your Overdraft now or simply increase your existing limit online.
Sometimes you simply can’t avoid going over budget, and that’s when it helps to have an overdraft. It’s always there when you need it.
R
8 000
Minimum Monthly Income
R
200 000
Maximum loan amount
Recurring
Months to repay
Personalised
Interest rate
*
Available to transactional account holders
WHAT OUR OVERDRAFTS CAN DO FOR YOU
24/7 Access
Access money whenever you need it from an Overdraft that’s always available and linked to your bank account
Increase limit online
Enjoy the flexibility of your Overdraft facility as you have the option to change your limit via Internet Banking or at AutoPlus ATMs
Pay as you go
Only pay interest on the amount that you’ve used from your Overdraft during the month
No fuss
Avoid minimum monthly repayments, with full settlement the instant your salary is paid
How it works
- You can apply for an Overdraft via Internet Banking
- Once approved, the Overdraft will be linked to the bank account your income is paid into
- You can increase or decrease your Overdraft limit, depending on your needs
- Your Overdraft can be insured for disability, retrenchment, dread disease or death
what it costs
- No minimum monthly repayments are necessary, as the facility is topped up when your income is deposited into your account
- You only pay interest on the amount you’ve used during the month
- Monthly service fee: R69
- Monthly service fees only apply to Overdrafts over R500
- Once-off initiation fee: Up to R1207.50 (VAT included), depending on your Overdraft amount
- Personalised interest rate
INCREASE YOUR LIMIT
- Sign into Internet Banking to change your Overdraft limit
- Navigate to Transact and select Manage to increase your limit
- Alternatively, you can change your limit at AutoPlus ATMs
*The overdraft facility isn’t available on AccessAccounts. You must be over 18 to apply.
*Approval is subject to credit checks and Financial Intelligence Centre Act (FICA) requirements.
How to get it
- Open a transactional account* to access an overdraft
- You’ll need a minimum monthly income of R 8 000
- If you don’t bank with us, apply today:
- Call us on (010) 249 0134 or
- Visit your nearest branch
*The overdraft facility isn’t available on AccessAccounts. You must be over 18 to apply.
*Approval is subject to credit and Financial Intelligence Centre Act (FICA) requirements.
-
How it works
-
what it costs
-
INCREASE YOUR LIMIT
-
How to get it
- You can apply for an Overdraft via Internet Banking
- Once approved, the Overdraft will be linked to the bank account your income is paid into
- You can increase or decrease your Overdraft limit, depending on your needs
- Your Overdraft can be insured for disability, retrenchment, dread disease or death
- No minimum monthly repayments are necessary, as the facility is topped up when your income is deposited into your account
- You only pay interest on the amount you’ve used during the month
- Monthly service fee: R69
- Monthly service fees only apply to Overdrafts over R500
- Once-off initiation fee: Up to R1207.50 (VAT included), depending on your Overdraft amount
- Personalised interest rate
- Sign into Internet Banking to change your Overdraft limit
- Navigate to Transact and select Manage to increase your limit
- Alternatively, you can change your limit at AutoPlus ATMs
*The overdraft facility isn’t available on AccessAccounts. You must be over 18 to apply.
*Approval is subject to credit checks and Financial Intelligence Centre Act (FICA) requirements.
- Open a transactional account* to access an overdraft
- You’ll need a minimum monthly income of R 8 000
- If you don’t bank with us, apply today:
- Call us on (010) 249 0134 or
- Visit your nearest branch
*The overdraft facility isn’t available on AccessAccounts. You must be over 18 to apply.
*Approval is subject to credit and Financial Intelligence Centre Act (FICA) requirements.
The maximum loan amount on an Overdraft is R200 000. No minimum monthly repayments, the Overdraft facility is topped up when your income is deposited into your account. The monthly service fee is R69 and the once-off initiation fee depends on the loan amount, ranging from a minimum of R86.25 to a maximum of R1207.50 (VAT inclusive). Our interest rates are personalised and range from a minimum of 8.50% to a maximum of 17.50% as per the NCA regulation. The Annual Percentage Rate (APR) for your personal loan is a maximum of 17.50%.
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