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 $5000 | $200 per loan |
| $5001 - $20,000 | $450 per loan |
| $20,001 - $40,000 | $850 per loan |
| $40,001 - $100,000 | $1,100 per loan |
| $100,001 and over | 0.8% - 1.25% per loan |
| Loan Administration Fees | |
| Up to $5,000 | $30 per month |
| $5,001 - $20,000 | $45 per month |
| $20,001 - $40,000 | $60 per month |
| $40,001 - $100,000 | $75 per month |
| $100,001 and over | $80 per month |
| $500,001 - $1m | $100 per month |
| $1,000,000 and over | $150 per month |
| Search Fee | |
| Search Fee | $40 one off |
| Documentation and Handling Fee | |
| Documentation handling fee | $50 per mortgage |
| Line Fee | |
| Line Fee | 0.5% 2% per annum of Limit amount for OD $10k and over. This fee is charged half yearly in June and December. |
| Commitment Fee | |
| Commitment Fee | 5% of Undrawn Loan amount after 90 days |
