This overdraft is perfect for individuals and businesses in Cameroon needing extra funds for daily transactions or unexpected expenses. It’s great for covering bills, shopping, or emergencies, with flexible repayment options tailored to your needs!
Why Choose This Overdraft?
- Hassle-Free Transactions: Pay for goods, utilities (like ENEO bills), or MTN airtime even when funds are low.
- Manage Your Money: Bridge gaps in your salary, income, or small savings with ease.
- Financial Flexibility: Access extra cash instantly and repay through your linked account or mobile money like Orange Money.
Overdraft Conditions
- Activation Fee: FCFA 2,500, a one-time affordable fee to enable your overdraft.
- Interest Rate: Pay a modest 2.5% annual interest on the overdraft amount used.
- Minimum Overdraft Limit: Start with a limit of FCFA 10,000, accessible for most Cameroonians.
- Repayment Terms: Maintain a minimum repayment of FCFA 5,000 monthly to keep your overdraft active.
Overdraft Requirements
- Age Requirement: Be at least 21 years old, with a valid Cameroonian National ID or passport.
- Proof of Income: Provide a payslip, market stall receipt, or bank statement showing regular income.
- Address Proof: Submit an ENEO utility bill or a residence certificate from your local chief.
- Application Form: Fill out a simple form—available online or at SACREC branches—with your details.
- Photographs: Bring 2-4 passport-sized photos for your overdraft setup.
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