Overdraft
Against Fixed Deposit Receipts
An
overdraft is a facility allowing a borrower to overdraw
on his current account up to a pre-arranged limit, for
personal and business use.
This
service is opened to individual and joint accounts, company,
sole-proprietor and partnership, customers who maintain
a current account and/or holding FDR (minimum of RM5,000).
The
limit for the overdraft is 100% financing equivalent to
the amount of FDR. The interest rate is 2% above FDR rate
or 1% above BLR whichever is higher on daily rest basis.
For
more information, please click here.
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