Bank Overdrafts allows SME and corporate customers in Kenya to manage their cash flow gaps. This would be ideal for customers who need to honor their working capital obligations as they await to collect from their debtors.



Here is what you need to qualify for a Bank Overdraft:

  • Application form duly completed                                          
  • Board of Directors resolution to open accounts                                     
  • Certificate of Incorporation/registration         
  • Company PIN & VAT                 
  • ID & PIN copies of all directors
  • Copy of Annual Returns/CR 12 
  • Utility Bill                                        
  • Proposal for borrowing indicating: amount being borrowed, Purpose, type of facility required, proposed repayment period and any other relevant information                                          
  • Debtors and creditors ageing
  • Audited accounts for the last three years
  • Current management accounts


Fees & Rates

  • Interest rate is Central Bank Rare (Currently 9%) plus a margin of 4%p.a. i.e. 13%p.a. or 10%p.a. for USD loans.           
  • 2% commitment fee



  • Available in KES and USD. Offered as part of your business current account                                                        
  • Simple and convenient to administer and monitor



  • Interest on Bank Overdrafts is only charged on the amount utilized.


A Business Tip Every SME Owner Should Know

The biggest problem founders and owners of small businesses have is that they are experts in

Always Budget When You Borrow Money

Before you borrow money, ensure you can make the monthly payments.

Failure to do so

Asset Finance TIPS

Starting a business is a tricky affair. Maintaining the business momentum and a competitive edge