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A line of credit on your standard current account, designed to allow current account holders to honor the checks or commercial bills issued by them. There are three current account overdraft facilities available- general overdraft, temporary overdraft and daily overdraft. |
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Term : Less than a year |
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Revolving period |
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Small and mid-sized enterprises (SME) : Nothing to be specified. |
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Large corporations and others : no revolving period. However in case of necessary in can be fixed on a monthly basis. |
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Temporary Overdraft Increase |
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Eligibility : Companies using the general overdraft. To help them finance unseen expenses beyond the agreed general overdraft limit |
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Term |
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SME (excluding SME affiliates) : 3 months |
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Large corporations and others : less than 20 days |
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Overdraft basic rate + additional rate |
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Eligibility : Corporate customers using the our firm banking service and transferring their employee salaries, including bonus, to the employee designated KEB accounts, which each employee designated as its bank of salary deposit. |
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Limit : Your daily working capital or the monthly salary expenditure(including bonus) for your workforce. |
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Loan rate : 1.5% p.a. or more |
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Others |
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Open a separate checking account designed to use solely for this special overdraft purpose. |
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Instead of using checks or promissory notes, a company withdraws the overdraft amount from its account through the Firm Banking Service or the automatic transfer system adopted by the company to pay its monthly salary expenditure. |
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