Hi, but this is "overdraft" right?
I received an offered email from citibank sales officer, I am confused.

Loan Amount : RM 10000
Interest rate : 6.56 % flat rate p.a
Tenor : Min ½ years / Max 3 years
Monthly : Min RM 331.67

Why look like Personal Loan instead of overdraft?
Do I need to paid every month?

By the way, this amount not satisfy me.

Which one?

Actually I'm prefer overdraft instead of PL cos just need some money for short terms turnover.

I'm interest Citibank Ready Credit no need collateral but bank overdraft do, also provide 1 to 1 amount only, useless.