Break-Free / Overdraft Facility
Samba Break-Free is a finance facility that lets you enjoy up to 95% against your Deposit Account and Time Deposit that you can use at any time, while your deposit stays intact and continues to grow
Features & Benefits
- The facility is available on both Rupee and Foreign currency, Savings and Time Deposits
- Financing up to:
- Up to 95% against your Rupee deposit
- Up to 87% against Foreign Currency deposit
- Fast processing with easy documentation
- Minimal mark-up rate charged only on the amount used (not on the entire sanctioned amount) and only for the period used.
- Transparent pricing with no hidden charges
- Easy and convenient payments on quarterly basis.
- Resident Pakistani nationals & Non-Resident Pakistanis with minimum age of 18 years, maintaining a branch banking relationship with Samba Bank Limited.
- Must possess a valid Identification document
- Acceptable collateral as per bank’s policy
To apply for a break-free / overdraft facility, please visit your nearest Samba branch and ensure that you bring with you the required documents as mentioned below.
- Overdraft facility application, duly signed by customer (including purpose of availing the facility)
- Valid Computerized National Identification Card
- Income Proof/Documents where required
*Terms And Conditions Apply.