Overdraft Individual

A revolving credit facility secured against Fixed Deposit help with BSI-UAE.

Features

Quick approval and simple documentation
Available to both salaried and self employed persons.
Avail overdraft facility upto 90% of Fixed Deposit denominated in AED and held with BSI-UAE.
Interest is charged on the utilized amount for usage period.
Credit facility can be renewed annually, subject to terms & conditions.
Applicable interest rate is Fixed Deposit rate +3% p.a

Eligibility Criteria

Applicant(s) to have banking relationship with BSI-UAE.
Minimum age to be 21 years.
Evidence of regular monthly income/salary.

Documents Required

Fixed deposit to be held and pledged with BSI-UAE.
Personal overdraft Application Form.
Valid passport, residence visa and Emirates ID.
Iranian National Card/ Shanasnameh in case of Iranian National.

Note: Final approval of your loan facility is subject to BSI-UAE credit policies, Complete Documentations and satisfactory AECB report.Terms and conditions shall apply.

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