Overdraft loan is a loan offered by a bank that allows you to pay for bills and other expenses when the account reaches its limit or zero. The overdraft is aimed to assist a client in an event of an unexpected charge or insuficient funds.
The lender levies interest or an overdraft fee on the borrowed amount, and the money is to be returned within stipulated time frames.
List of Banks Offer Overdraft Loan
- ABSA Overdraft Loan
- African Bank Overdraft Loan
- First National Bank Overdraft Loan
- Nedbank Overdraft Loan
- Standard Bank Overdraft Loan
More banks offereing an overdraft facility we will list them soon, please keep visit us.
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