Overdraft Facilities

The Overdraft Facilities allow companies and other clients to cover the shortage of daily cash flow to finance 70% of their working capital needs. The Overdraft Facility conditions are set based on the clients' working capital and credit score.

Characteristics:
  • Amount: No specific limit
  • Economic Sector: All commercial sectors
  • Facility Currency: LBP, USD and EUR (facilities in other currencies can be granted upon the bank's approval)
  • Tenor: One year/Evergreen facility
  • Collateral: Case by case
  • Interest Rate: Variable interest rate. The rate is set according to the market conditions and credit score

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