Our Overdraft facilitates you to fund your business working capital needs and short term borrowing requirement to finance your business operations.
UBL UK Overdraft is available to businesses both individuals and companies. Overdrafts are offered for a maximum 1 year term (overdraft can be renewed subject to necessary review & approval at the discretion of UBL UK).
Interest on the overdraft amount is calculated at an agreed rate on a daily basis, and charged to your Current Account each month.
Our Overdraft arrangement requires collateral of investment property; we may contribute up to 60% of the value of the security, while you’ll need to provide the remaining 40%. You may also need to provide personal or corporate guarantees to secure the Overdraft.