Business Overdraft
For when you need that little bit of extra cash.
Avoid the inconvenience of declined transactions and fees by getting access to Tonga Development Bank’s Business Overdraft. Get access to additional funds, it’ll be there if you need.
- Perfect for short term liquidity or working capital requirements.
- Hassle-free way to get access to those few extra dollars in a timely fashion.
- Low fees and rates.
| Overdraft | |
|---|---|
| Establishment fee | |
| Loan up to $500 | $50 |
| $501 - $1,000 | $75 |
| $1,001 - $5,000 | $100 |
| $5,001 - $20,000 | $300 |
| $20,001 - $50,000 | $600 |
| $50,001 - $100,000 | $1,000 |
| $100,001 and over | 1.0% per loan |
| Loan Administration Fees | |
| 0 - $4,999 | $30 per month |
| $5,000 - $14,999 | $40 per month |
| $15,000 - $49,000 | $50 per month |
| $50,000 - $99,000 | $60 per month |
| $100,000 - $499,999 | $70 per month |
| $500,000 - $999,999 | $100 per month |
| $1,000,000 and over | $150 per month |
| Search Fee | |
| Search Fee | $30 one off |
| Documentation and Handling Fee | |
| Documentation handling fee | Up to $100 One off |
| Line Fee | |
| Line Fee | 0.5% 2% per annum of Limit amount for amount OD $10 and over. This fee is charged half yearly in June and December. |
| Unapproved Excess Fee | |
| Unapproved Excess Fee | $15 charged on day excess occurs and monthly until account in order |
