Posted by speakup > 2014-10-06 22:44 | Report Abuse

Every week I get a call from a bank asking if I want to take a personal loan. Wierd!

Posted by speakup > 2014-10-06 22:59 | Report Abuse

Banks desperate to get me to borrow money from them. HA HA!

Posted by Alphabeta > 2014-10-07 09:56 | Report Abuse

Most Business loans are working capital in nature unless it is for capex. A mortgage loan is fixed amount for a fixed term with regular fixed repayment schedule. Whereas for an overdraft account, the borrowing amounts varies on a daily basis and the interest rate tend to be more. Bank do not wish to tie-up too much fund with low usage. If the usage is low, bank will reduce the limit on annual renewal. The rate also varies according to credit rating.