With a Personal Overdraft permits you to withdraw funds and repay funds at your beck and call. You have to pay interest on only the amount which is withdrawn. Hence you can repay part of the outstanding amount whenever you have some money and withdraw some money whenever you have a need.
Pay Interest on only what you use
Personal Overdrafts tend to have similar interest rates as Personal Loans but have a number of benefits over Personal Loans.
Quick Funds Release
To get a personal loan you have to