Draw on the Overdraft facility only when you need it. You can repay any time as there is no fixed tenor and you will only need to pay interest when there is utilisation.
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GLDB Overdrafts
GLDB
Overdrafts
Overdrafts
Flexible, revolving financing solution when you need temporary cash flow boost or working capital expansion
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Last updated on 12/09/2024
What is an Overdraft?
Looking for…
•
A short term reserve financing solution to boost your working capital’s liquidity?
•
A flexible and efficient way to access funds for business growth? Ready access to cash in times of need?
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A revolving credit line?
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Control over how much you use and pay?
Look no further.
An Overdraft is a short-term revolving line of credit which is meant to fund temporary cash flow gaps or working capital needs. Once approved, the Overdraft facility is tagged to your bank account with GLDB. With the Overdraft limit available in your bank account, you will have immediate access to the funds.
Unlike other credit facilities, there is no fixed tenor nor any repayment plan to Overdrafts. You pay interest only on the amount you use.
Flexibility, control and cost-effectiveness
Easy, convenient and fast application
Hassle-free application with quick turnaround time on approval result.
If you would rather borrow a fixed amount of money for a specific period of time into the longer term, check out GLDB’s Term Loan facility. Otherwise, look into GLDB’s Payables Financing solution if you wish to receive financing on your purchase invoices.
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FAQS
01
Q.
How can I be eligible for Overdrafts? 
02
Q.
How much financing can I get?
03
Q.
What is the financing tenor and repayment schedule?
04
Q.
What are the interests and fees involved?
05
Q.
What are the documents required?
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Important Notice
The information published by Green Link Digital Bank Pte Ltd (“GLDB”) is for information only. The information contained in the materials on the Website are intended for general circulation only and should not be used as a basis for making any business or financial decisions. Notwithstanding anything in this website, your eligibility for all products and services on this website is subject to acceptance by GLDB. The contents of this website, including the terms and conditions, are subject to change and may be modified, deleted or replaced from time to time and at any time at the sole and absolute discretion of GLDB.Our Banking Solutions
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Security advisory to protect yourselves and avoid falling victim to scams. 1. Do not provide personal information, bank account information (including User IDs, Passwords and OTPs) to people you have never met. 2. Do not accept any requests from online acquaintances or unknown persons for bank transfers. Practise good cyber hygiene to minimise the risk of cyber threats. 3. Do not click on links or open attachments found in suspicious looking emails or SMSes. Ensure that your email account has not been compromised. 4. Ensure that your bank account is used only for your corporate banking needs and do alert the bank immediately if you find any discrepancy or unauthorised transaction on your bank statements. If you suspect that you have responded to a scam and disclosed your personal or bank account information, please email GLDB at FraudReporting@glbank.com.
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Security advisory to protect yourselves and avoid falling victim to scams.
1.
Do not provide personal information, bank account information (including User IDs, Passwords and OTPs) to people you have never met.
2.
Do not accept any requests from online acquaintances or unknown persons for bank transfers. Practise good cyber hygiene to minimise the risk of cyber threats.
3.
Do not click on links or open attachments found in suspicious looking emails or SMSes. Ensure that your email account has not been compromised.
4.
Ensure that your bank account is used only for your corporate banking needs and do alert the bank immediately if you find any discrepancy or unauthorised transaction on your bank statements. If you suspect that you have responded to a scam and disclosed your personal or bank account information, please email GLDB at FraudReporting@glbank.com.
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