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.

  • 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 - CBR + 4% (LCY)
  • Fees - commitment fee 2%
  • Currency - LCY / FCY
  • 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
  • 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 twlelve months
    • Copies of bank account statements for the last twlelve months
    • Latest annual returns & filing receipt / CR-12
    • Company profile
    • Write-ups, plans, and projections justifying need supported by business information
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