The Pearl Overdraft is a short term credit facility that provides emergency funding for Pearl customers. It comes under the following categories:

• Secured Overdraft: The secured overdraft is cash backed with security in form of FDs/TBs/Bonds.
• Unsecured Overdraft (Salaried): The unsecured overdraft is one that caters to our Pearl Salaried Customers.
• Unsecured Overdraft(Self-employed): This is an unsecured overdraft for Pearl Self-employed Customers.

To be eligible one must:

• hold a pearl account
• have a salary account with salary received for at least 1 month for salaried.
• have a pearl account with business proceeds through the account for the self-employed.
• be confirmed with at least 6 months in present employment
• Have a minimum net salary of UGX 4,000,000

Our Pearl Overdraft comes with the following, respective product features:

To access the Pearl Overdraft, one needs the following basic requirements:

Secured Overdraft:

• Pearl current account holder
• Certificate of FD/TB/Bond
• 1 passport photo
• Copy of valid identification
• CRB card
• Customer consent to place lien on FD/TB

Unsecured Overdraft:

• Employer’s letter of undertaking
• 1 passport size photograph
• A copy of a valid identity card from the work place
• A copy of employment contract (where applicable)
• Six months bank statement(where applicable)
• Two pay slips (where applicable)
• Credit reference Bureau (CRB) registration card