Revolving Loan Account

A loan product similar to an overdraft facility available to individuals and companies that requires specific access to working capital for their operations or everyday running of their project.

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Available to existing clients with good credit ratings for loan period 18-24 mths. Repayment can be structured to the operating cycle of the business – generally every 90 days with a lending limit ($10K minimum). The effective Interest rate is between 4% and 5%. For all RLA loans the effective rate is equal to the Amortized rate.