Revolving Facility

Qualifying criteria

RMB Customer with an active RMB Current Account

Be 18 years and older

Be a South African Citizen

Pass affordability and credit scoring assessment

How to activate Shortfall Protection?

Got to "Accounts"

Select "Revolving Facility"

Go to settings

Click on "Setup/Maintenance"

Look for "Would you like to setup shortfall protection?" and change the indicator to "Yes"

Click "Confirm"

Now you can rest assured that your payments will be honoured as long as there are sufficient funds to cover them in your Revolving Facility to complete the transfer.

Please note that you are still responsible for ensuring you have sufficient funds to cover your Revolving Facility debit order and you may not use Shortfall Protection to pay for your Revolving Facility.

Revolving Facility

A credit facility that offers flexibility and convenience in managing your cash flow

The Revolving Facility is linked to your active bank account, which gives you access to available funds up to R450 000 24/7 without having to reapply for a facility for every expense.

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EASILY ACCESSED AT ANY TIME

Manage your money with a Revolving Facility that protects your bank account when your bank account balance is on zero, by automatically sweeping funds into your bank account

VARIABLE AND FIXED PAYMENT OPTIONS

With variable repayment, you pay only for what you use, and repayments reduce as your balance decreases (minimum repayment amount is based on a minimum of 1% of the Revolving Facility). With fixed repayment, your repayments stay the same.

OPTIONAL DEBT PROTECTION

In case of your death, permanent disability, unemployment/inability to earn an income or temporary disability

TRANSFER FUNDS EASILY

Transfer funds into any account on your profile directly from your Revolving Facility using our Digital Channels.

FULL ACCESS

You get full access to the full available credit limit

New shortfall protection

This function of your Revolving Facility covers your linked transactional account should the available balance be insufficient to cover your payments by automatically transferring funds directly to your transactional account to avoid unpaid transactions. You need to manually opt into this function via Online Banking or the App.