The Overdraft Facility is a short-term advance designed for members who channel their salaries or business proceeds through their FOSA accounts. It offers immediate financial support to members who need quick cash to meet urgent obligations, with repayment made once their income is received.

This facility provides convenience and flexibility, allowing members to bridge temporary cash flow gaps without financial strain. It is a fast, reliable, and easily accessible solution for short-term financial needs.

Features Include:

❖ Available limit is 50% of net pay
❖ One must have an active 3 months salaries/proceeds in FOSA
❖ Repayment period is within six months
❖ Available immediately upon application
❖ Competitive Interest rate
❖ One must attach national ID and pay slip
❖ To have four guarantors