Overdraft

Introducing the Authorized Overdraft, a flexible financing solution for companies. With this credit limit, your company can manage unexpected expenses and keep operations running, ensuring financial stability when you need it most.

Requirements

  •  To be an Access Bank Moçambique, SA, Corporate, Commercial and Business Banking client
  •  Open a current account, where the overdraft limit will be assigned

Features

   
  • Amount
    • · According to the client's needs and financial capacity
   
  • Term
    • · Maximum of 12 months
   

  • Purpose
    • · To help company clients meet their working capital and cash management needs.
   
  • Repayment
    • · Payment in monthly installments
   

  • Associated interest or commissions
    • · Interest rate: Prime rate + 4%
    • · Commission for setting up and organizing the process: 1.5%
    • · Partial/full early repayment fee: 2% of the amount repaid
    • · Penalty for late payment: 2% only in cases of default
   

    • Guarantees 
    • · Term deposit pledge or current account guarantee
    • · Mortgage on property
    • · Pledge of goods, equipment and financing object

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