Overdraft
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Credit formalised under a credit agreement by which the customer (or set of customers in cases of Group Contracts) is authorised to maintain a debit balance up to the contracted credit limit, during the term and according to the conditions negotiated.

Advantages
  • Flexibility: allows adaptation of the credit amount to the company’s cash flow needs;
  • Simplicity: use through normal transactions in Sight Account;
  • Efficiency: Credit availability adjusts perfectly to the need for funds;
  • Proportionality of charges: payment of interest limited to time and amount of actual use of funds.
Beneficiaries 

Companies and Individual Entrepreneurs with irregular but recurring needs for very short-term loans of varying amounts.

Case-by-case analysis.

Term

Case-by-case analysis, normally up to one year.
 

 

Notas

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