Business Overdraft
DTB's overdraft is a facility offered to clients to help meet their day to day capital requirements. The facility is renewable annually and can be recalled at the bank's discretion.
Account Overview
DTB's overdraft is a facility offered to clients to help meet their day to day capital requirements. The facility is renewable annually and can be recalled at the bank's discretion.
What You Need to Open an Account
The requirements are as follows:
Companies
Certificate of incorporation
Company KRA PIN
National identity card / passport / KRA PIN certificate of the directors' original and copy
Certified copy of memorandum and articles of association
Certified copy of the resolution authorising borrowing from DTB
Audited accounts for the last three years together with a copy of the latest management accounts
Financial projections and plans for the business i.e. cash flow month by month for the next twelve months
Copies of bank account statements for the last twelve months
Latest annual returns & filing receipt / CR-12
Company profile
Write-ups, plans, and projections justifying need supported by business information
Account Features
Access a comprehensive suite of banking services and tools:
Purpose - working capital financing
Maximum credit limit - dependent on the repayment capacity of a borrower
Repayment period - legally on-demand and arrangement, renewable annually. Account must be actively transacted and interest is serviced monthly
Interest rate - prevailing market rate
Fees - commitment fee 2%
Currency - LCY / FCY
