About Cash Line Facility-i & Overdraft Facility
What is Cash Line Facility-i
Cash Line Facility-i is a short term financing facility for the purpose of working capital and asset acquisition financing. This product utilises Shariah compliant commodity in its transactions to provide financing to you. The facility has predetermined facility limit and is subject to periodic review
What is Overdraft Facility?
A revolving facility which is repayable on demand and subject to annual review. It is made available to you through your current account. You may withdraw any amount
subject to the overdraft limit granted. You may offer your asset as a security for this financing.
Features
Interest/profit is calculated on a daily basis and charged only on the amount used.
It is a revolving facility made available via a current account where you can use any amount up to the approved facility limit for any purpose.
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