Secured Overdraft
Get the best of both worlds with the Secured Overdraft (SOD) from Mashreq Gold, offering you a simple and convenient way to access to your money while it continues to grow. Get a cash reserve of up to 95% lien against your Fixed Deposit funds or Mashreq Millionaire Savings Certificates, and benefit from attractive interest rates on your fixed deposits or maintain your chance of becoming a millionaire with the MashreqMillionaire draws while meeting your short term liquidity requirements.
Key features and benefits of Secured Overdrafts are:
- No processing fees for setting up a Secured Overdraft
- Flexibility to use the funds for any purpose
- Access to the full amount through cheques/ATM
- Ability to use your debit card to purchase
- Whatever you like, wherever you like
- Pay interest only on the amount that you withdraw/use
