FNB Overdraft

An FNB Overdraft provides you with working capital for day-to-day expenses and for the purchase of production inputs. It operates as a fluctuating overdraft facility that is perfect for farmers or farming businesses operating as sole proprietors, partnerships, close corporations, companies, trusts or co-operatives.

Benefits

• You can access working capital for day-to-day expenses and to purchase items necessary for production
• Overdrafts are repayable on demand
• The interest rate on your account can be linked to the prime lending rate
• Overdrafts are usually repaid after the harvesting season and reviewed annually

What do I need in order to apply?

• Complete an application form at your nearest FNB branch
• Required Documents:
  • You need to supply the required personal and business details as well as mandates for your business to open an account
  • You need to supply business plans, budgets and cash flow forecasts to support the loan application and to substantiate the loan amount require

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