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Over draft
Over draft
VIB allows corporate customers to spend more than current balance to meet temporary shortage of working capital
Quickly payment
Payment for partners only by transfer money from overdraft account without making disbursement procedures.
Simple process
No need to present proof of purpose before each disbursement. Zero interest if the overdraft is withdrawn and deposit within a day.
Automatic payment
Automatically pay overdraft debt right after deposit to the account without having making debt repayment procedures.
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Features
Customer
Customers have regular cash flow through their payment account
Condition
- Customers are granted credit limit according to VIB's regulation.
- Customers commit to use the loan for the right purpose agreed with VIB and in accordance with the law.
- Customers present proof of lending purpose to VIB monthly.
Loan to value
As per VIB's regulation
Tenor
Up to 12 months
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