We offer overdraft facilities against term deposits to cater to your short-term cash flow requirements. With a secured overdraft line from SBI, you can maintain your existing term deposit until maturity without having to worry about cash flow for your short-term financial needs. |
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a) |
Available in SGD or USD |
b) |
Same & Alternate currency financing available |
c) |
Maximum tenor: until maturity of the term deposit pledged as security |
d) |
Attractive interest rates – applied daily only on amounts utilized |
e) |
ATM Cards provided (only for SGD accounts) |
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| Terms and conditions apply. |
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a) |
Singaporeans, PRs and foreigners of age ≥ 21 years |
b) |
Overdraft facilities granted to 1st party only |
c) |
Acceptable security: SGD/USD term deposits with minimum tenor of 3 months |
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a) |
Flat processing fee of S$50 per application |
b) |
Default fee: 2% above overdraft interest rate (min. S$20) on all amounts in excess of approved limit |
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| Documents to be submitted along with the application form (originals to be produced for face to face verification) |
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a) |
Application form |
b) |
Demand Promissory note |
c) |
Deed of Security over deposit(s) |
d) |
Letter of approval accepted by borrower(s) |
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| Approval of this application is at the bank’s discretion. |
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| a) |
Walk in to any of our branches to talk to our relationship managers. |
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