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Type of organizations
Short-term loans
Overdraft
Solution information
General information
Customers are allowed to overspend the actual balance on their deposit account.
The maximum deposit terms is 12 months.
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Benefits
Addresing the need for unexpected capital requirements.
Simple and quick loan application process: Customers only need to submit one set of documents for multiple loan withdrawals.
No need for separate withdrawal procedure for each disbursement.
Automatic principle repayment upon funds transfer to the deposit account, minimising interest costs for customers.
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