Overdrafts
An overdraft is a short-term credit fluctuating facility for individuals that is ideal for emergencies and unforeseen expenses.
Overdrafts - Instant Cash When You Need It Most!
Life is full of surprises—be ready for them with a Bank BIC Namibia Overdraft. Whether it’s an emergency, an unexpected expense, or just a little extra breathing room before payday, our overdraft facility ensures you always have access to funds when you need them.
Why Choose a Bank BIC Overdraft?
- Flexible Access – Use as much or as little of your approved limit as needed.
- Only Pay for What You Use – Interest applies only to the amount utilized.
- No Fixed Monthly Repayments – Repay at your own pace, with the total limit available for renewal annually.
- Transparent Fees – All costs are disclosed upfront upon application.
Who Can Apply?
- Must have a Bank BIC Namibia Current Account (open for at least six months) with regular salary deposits.
- Namibian citizen, aged 21 or older.
- Clean credit history and a responsible financial profile.
- Minimum gross monthly salary of N$20,000.
What Do You Need to Apply?
Visit your nearest Bank BIC Namibia branch with the following documents:
- Proof of Income (Latest Payslip)
- Valid Identity Document
- Proof of Residence (Utility Bill or Equivalent)
- Detailed rates and fees will be provided during the application process.
Stay financially flexible. Apply for your Bank BIC Overdraft today!
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