Retail TOD is a short-term credit facility designed to augment working capital requirements for customers (SMEs) against expected cashflow from business.
Retail TOD is a short-term credit facility designed to augment working capital requirements for customers (SMEs) against expected cashflow from business.
Benefits
Benefits of TOD include:
Customers can draw more funds than is available in their account up to approved limit.
Useful in emergency situations to meet urgent financing need.
No tangible collateral is required
Available throughout the year once initial existing facility is repaid within 30days
Yes, if the personal account is used to lodge your business proceed. However, you can only take TOD 2 times, after which you are required to open an account with your registered business name to continue to enjoy the facility.