OptiOverdraft, the first overdraft package in Malaysia to be pegged to the Kuala Lumpur Inter-Bank Offered Rates (KLIBOR)*
With OptiOverdraft, you get the confidence of lower than the average market financing rates, when you secure your OptiOverdraft to your Standard Chartered Fixed Deposit.
We are the first to peg our overdraft packages to the Kuala Lumpur Inter-Bank Offered Rates (KLIBOR)*. Even though KLIBOR* fluctuates daily, OptiOverdraft helps curb this uncertainty by offering a fixed rate on a quarterly basis so you can be protected from the unexpected.
Not only do you enjoy lower interest rates than conventional overdraft facilities, you can also take up any amount of your overdraft, up to the full overdraft limit, without any additional charges and you only pay interest on the amount you use.**
This give you better control over your finances and gives you the confidence to plan ahead for you and your family.
**In accordance with Rules of Association of Banks in Malaysia, a commitment fee of up to 1%p.a. shall be levied on the unutilised portion of the approved overdraft limits in excess of RM250,000. The overdraft facility is subjected to terms and conditions and approval is at the Bank’s absolute discretion.
