Interbank-indexed Loans are similar to the revolving loans with the exception that they must be repaid the next business day and are intended to meet your need for working capital. The interest rate charged on your loan is updated daily according to the interbank market rate to which it is indexed. Interest payments can be made on a daily, monthly or quarterly basis.
- You can take advantage of lower interest rates compared to other loan products.
- You can meet your short term need for cash.
- Different repayment options provide convenience and flexibility in your budget.