Overdraft Credit Facility
Overdraft
Extra money facility.
Riyad Bank’s Overdraft facility gives you access to extra money which can assist with your businesses cash flow to suit your circumstances.
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Covers unexpected expenditure
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Easy and quick to arrange
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Flexible short-term financing
More Information
The Overdraft facility from Riyad Bank allows you to spend cash, up to an approved limit even if there is no enough money in your business current account.
An Overdraft is an uncommitted facility and can be made available at the banks discretion. It is specially designed to give you the comfort of knowing there are extra funds available to you whenever you need it.
You can use your Overdraft facility to write cheques, make payments or withdraw cash.
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Provides extra working capital
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Covers for unexpected payments
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You have access to the funds 24/7
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It is a flexible form of borrowing
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All Riyad Bank customers are eligible
Existing Riyad Bank customers can apply through the Relationship Manager.
New customers can apply through the nearest Riyad Bank Corporate Branch.
* The above table is an example, and the annual percentage rate varies according to the amount and the credit evaluation of the activity in addition to the period and method of payment.
* Overdraft profit value is calculated on monthly bases, and there are no fixed installments.
Apply Online - Overdraft
Riyad Bank’s Overdraft facility gives you access to extra money which can assist with your businesses cash flow to suit your circumstances.