Solutions
Temporary Overdraft / Cashline Finance
A temporary overdraft or TOD is given by banks to borrowers to withdraw extra cash from their bank accounts for a short amount of time. This is where the bank extends the borrowers’ overdraft limit.
How it works
This solution is only applicable for clients who have obtained a new bank loan/financing, while still pending disbursement from their respective banks. Individuals with stamped Letters of Offer from banks will be eligible for this, and they can get up to 30% of the loan amount approved by the bank.
Advantages
- Able to cover the short-term financial shortfalls
- More affordable than loans
- Quick approval process
- Flexible arrangement