Overdraft Facilities
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:
Individuals / sole proprietors / partnerships
National identity card / passport / KRA PIN certificate of borrowers - original and copy
Certificate of registration (if proprietor or partnership)
Latest bank statements for the last six months
Copy of LOF and account status in respect of loans / other facilities from other banks if any
Security details:
1. Write-ups, plans, and projections justifying need supported by information and repayment capacity
2. If FD, details of fixed deposit
3. If property, copy of title, copy of valuation report, details of the property, guarantor's details if any
4. If secured by other securities (e.g chattle mortgage, TBills, etc) - customer to provide the security details
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
